LS Cable & System Ltd. agreed to acquire remaining 47% stake in LS EV KOREA Ltd. from KDBC Paratus PEF 2, managed by Paratus Investment Inc. for KRW 78.7 billion on October 17, 2022. For the year ended December 31, 2021, LS EV KOREA Ltd. reported total assets of KRW 210 billion, total debt of KRW 120 billion, total equity of KRW 90 billion and net income of KRW 8 billion. The transaction is expected to complete on January 13, 2023.