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Ex-Im Bank Funds LS Cable U.S. Factory

The Export-Import Bank of Korea announced on Aug. 24 that it will provide 300 billion won (approximately $222 million) in financing for LS Cable & System’s submarine cable factory project currently…

  • Korea's Ex-Im Bank provides $222M financing for LS Cable's Virginia factory.
  • Factory to produce 500 km of HVDC submarine cables annually by late 2024.
  • Supports US domestic cable companies for AI era technological leadership.

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