LS Electric Co Ltd (LS Electric) primarily engages in providing power devices, systems, and solutions necessary for the transmission and supply of electricity generated from power plants. The company serves industries such as power supply, automation, and railway systems. It offers a range of products and solutions, including power transmission, power distribution, modular substations, photovoltaic systems, energy storage systems, and various automation solutions for industrial operations.

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LS Electric has been focusing on R&D initiatives to enhance its core businesses and secure next-generation growth engines. The company is concentrating on R&D to respond to digital transformations and lead in the smart energy and factory markets. It has established a system to enhance R&D productivity, maximizing business performance and efficiency. The company operates R&D centers in Anyang, Cheongju, Cheonan, and Busan, Korea, and an additional center in Wuxi, China, to create synergies between research and production. LS Electric also operates the industry's first Power Testing & Technology Institute to enhance R&D competitiveness. The company invests around 6% of its sales revenue in R&D activities to develop next-generation products, new businesses, and core technologies. The R&D units of LS Electric Co Ltd include the Global R&D Campus in Anyang which focuses on developing next-generation platforms and new technologies, Power Solution R&D Center in Cheongju that develops leading technologies in the power business industry, Automation Solution R&D Center in Cheonan that develops new automation products by expanding the PLC and drive series, Power Testing & Technology Institute in Cheongju which improves product performance and reliability, HVDC/Ultra-High Voltage TR R&D Center in Busan which researches HVDC transmission and ultra-high voltage transformers, and R&D Center in Wuxi, China which is specialized in low voltage power devices and AC drives. In FY2024, the company spent KRW85,789 million, which stood 1.9% of the company's revenue and grew 11.5% YoY.