LS Cable & System Ltd. agreed to acquire additional 25.58% stake in KT Submarine Co., Ltd. (KOSDAQ:A060370) for KRW 44.8 billion on April 3, 2023. Transaction is expected to close on July 3, 2023. As of June 29, 2023 the expected closing is August 16, 2023.

LS Cable & System Ltd. completed the acquisition of 25.58% stake in KT Submarine Co., Ltd. (KOSDAQ:A060370) on August 16, 2023.