Eximbank backs LS Cable’s US subsea plant with W300b

The Export-Import Bank of Korea will provide 300 billion won ($218 million) in financing for LS Cable & System's subsea cable plant in the United States, stepping up support for Korean companies seeking to tap growing power infrastructure demand in North America. The state-run lender said Monday it will provide facility and operating financing for the plant under construction in Chesapeake, Virginia, which is expected to become the largest subsea cable production facility in the US. Surging AI i