LS Corp says LS Cable US rare-earth magnet plant investment remains undecided

• LS Corp. said its unit LS Cable & System has not finalized plans for a reported 1 trillion won U.S. rare-earth magnet plant.
• The filing said LS Cable joined a Virginia investment announcement event hosted by the state government, which underpinned the media report.
• LS Cable set up Korea Motion Works to pursue rare-earth permanent magnets; a U.S. plant would be led via a future local subsidiary.
• LS Corp. said it will update investors when details such as investment size and timing are confirmed, or within six months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LS Corp. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260930801254), on September 30, 2026, and is solely responsible for the information contained therein.