LS Cable & System to pursue security token business for copper, rare earths

LS Cable & System, South Korea's leading cable manufacturer, is pursuing a security token (STO) business to enable stock-like trading of copper and rare earth elements, which have become strategic assets in the age of artificial intelligence. The company plans to launch the initiative in line with the implementation of a legal framework for security tokens next year. The move is designed to quickly liquidate over 1 trillion won ($725 million) in raw material assets, which will accelerate investments in projects such as new factory construction.