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Korea Eximbank to Provide $218M Financing for LS Cable's US Subsea Cable Plant
The Export-Import Bank of Korea announced Monday it will provide 300 billion won ($218 million) in facility and operating financing for LS Cable & System's subsea cable plant under construction in Chesapeake, Virginia. The plant is expected to become the largest subsea cable production facility in the US, supporting Korean companies tapping North America's growing power infrastructure demand.
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