With the order, LS Cable & System is making an official entry into Europe,
the world’s most advanced offshore wind power generation market. The scale of
European offshore wind power generation market is forecast to more than double
from $13.5 billion in 2012 (approx. KRW 14.8 trillion) to $30 billion in 2020
(KRW 32.8 trillion). Accordingly, the submarine cable market is expected to grow
exponentially and, thus LS Cable & System is forecasting a sales increase in
the European submarine cable market following its recent performance in the U.S.
and the Middle East.
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