Photograph) Panoramic view of Gaon Cable's Gunpo plant


■ Benefiting from growth in power grid investments driven by AI data centers  
■ Accelerating expansion into US market with exports doubling  
■ Upgrading business portfolio by expanding proportion of high-value-added products


Gaon Cable (CEO Jeong Hyun) is expanding further into the US power infrastructure market. 

The company announced on the 18th that it recently supplied tens of billions of won worth of power transmission cables to a US solar power plant grid construction project. 

With the construction of AI data centers surging in the US, power shortages have become a major issue. This has led to increased investments in transmission grids and new power sources such as solar power plants, which in turn is boosting the growth of the power infrastructure market. 

Industry analysts project demand for power generation facilities and transmission grids to increase as investments in US AI and energy infrastructure expand following the promotion of the Korea–US Strategic Investment Special Act. 

In addition to solar power plants, Gaon Cable has recently begun supplying cables for AI data center power grids as it expands further into the US market. The company expects its exports to the US to more than double from approximately KRW 100 billion last year to KRW 200 billion this year. 

LSCUS, Gaon Cable's US subsidiary, is also showing accelerating growth. The company has over KRW 5 trillion in long-term busduct supply contracts with global big tech companies, and is now expanding its customer base to generative AI firms. 

Accordingly, Gaon Cable is broadening its business scope in the US AI infrastructure market by supplying everything from power transmission cables for connecting power plants and data centers to internal power distribution busducts for data centers. 

"AI data center and renewable energy-related products have higher added value than general industrial products, so they have made a big contribution to our earnings growth," said Jeong Hyun, CEO of Gaon Cable. "We plan to continue upgrading our business portfolio with a focus on high-value-added products."