Photograph) Panoramic view of LSCUS, Gaon Cable's production and sales subsidiary in the US


■ Achieving double-digit growth in revenue and operating profit to continue improving profitability
■ Ramping up supply of power grids and busducts for US big tech AI data centers
■ Anticipating record annual revenue amid surging demand for AI infrastructure


Gaon Cable has achieved its highest-ever first-quarter revenue and operating profit.

Gaon Cable (CEO Jeong Hyun) announced on the 15th that it recorded KRW 763.6 billion in revenue and KRW 27.8 billion in operating profit for the first quarter of 2026.

Revenue and operating profit increased by 19.4% and 27.2%, respectively, compared to the same period last year (KRW 639.3 billion and KRW 21.9 billion). Both figures hit record highs for the first quarter, continuing the company's trajectory of simultaneous external growth and profitability improvement.

These stellar results are driven by a surge in exports fueled by the expansion of US AI data centers, alongside the accelerating growth of LSCUS, its US production subsidiary.

LSCUS is ramping up its supply of busducts for AI data centers built by big tech companies in the US. The company expects busduct revenue to increase significantly, jumping from tens of billions of won last year to hundreds of billions of won this year.

Exports from the headquarters to the US are also rising rapidly. Exports of cables for AI data centers and solar power grids are projected to more than double, growing from approximately KRW 100 billion last year to KRW 200 billion this year.

"The US market is experiencing an absolute shortage of cable supply, with our export cable capacity already fully booked through the end of the year," said Jeong Hyun, CEO of Gaon Cable. "Thanks to expanding US exports and the full-scale rollout of new supplies, we anticipate record-breaking annual revenue this year."

Established as Korea's first cable company funded entirely by domestic private capital, Gaon Cable is rapidly transitioning its business structure from a domestic focus into a global export enterprise centered on the US.