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The Korea Herald: LS Cable & System Plans to Invest 350 Billion Won in Rare-Earth Magnet Plant
According to The Korea Herald, LS Cable & System has announced plans to invest 350 billion KRW to build a rare-earth permanent magnet plant in Gumi, North Gyeongsang Province, South Korea. The report links South Korean companies scaling up such investments to U.S. plans to tighten restrictions on the use of Chinese-sourced materials in defense equipment starting next year.
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