On the 12th, LS Marine Solution's stock price hit a new yearly high early in the trading session. This follows the news that LS Marine Solution was selected as the preferred bidder for the country's largest offshore wind power project.
As of 9:27 a.m. on the 12th, LS Marine Solution's stock is trading at 31,000 won, up 1,650 won (5.62%) from the previous trading day. Early in the session, it recorded a high of 34,600 won, more than 17% higher, marking a new yearly high.
Earlier that morning, LS Marine Solution announced that it had been selected as the preferred bidder for the transportation and installation of subsea cables for the ‘Haesong Offshore Wind Project,’ triggering a surge in buying interest.
The Haesong offshore wind farm will consist of two complexes with a capacity of 504 megawatts each, totaling 1 gigawatt, located off the western coast of Sinan County in Jeollanam-do. This is enough to produce power equivalent to one nuclear power plant.
LS Marine Solution is said to conduct the entire process of marine surveys, subsea cable laying and installation, as well as constructing internal and external networks.