[THE INVESTOR] LS Cable & System announced on Sept. 21 that its Vietnamese branch LS Vina Cable and System has signed a US$15 million contract with iMarket Korea to provide electric cable.

The cables will be used in wiring a mobile phone module manufacturing factory being built by Samsung Display in Bac Ninh, north of Hanoi.

LS Vina is dominating the cable market in Vietnam with 30 percent share and is the only company capable of manufacturing high voltage cables.

It is one of the two Vietnamese subsidiaries of LS C&S with LSCV, and their holding company LS Cable & System Asia is set to be listed on KOSPI on Sept. 22, the first overseas branch to go public via a special purpose company.

By Hwang You-mee (glamazon@heraldcorp.com)