February 23, 2021 Philippine LCS Group established a Korean corporation and is developing various businesses.On the 23rd, LCS Group Korea (CEO Noh Hyun-soo), the Korean subsidiary company of LCS Group, recently signed a master franchise contract in the Philippines with the chicken franchise Genesis BBQ. LCS Group aims to open more than 2,000 Genesis BBQ's Philippine franchises by 2025. In order to overtake a local fast-food franchise Jollibee Philippines, it is planning to proceed with aggressive marketing strategy and expand its franchisees. Earlier this month, LCS Group Korea selected Bosung Powertec and Nammyung Construction as the materials and construction company for the 3rd mobile communication tower in the Philippines and signed a contract. LCS Group was selected as the 3rd mobile communication tower construction company in the Philippines and plans to build more than 6,000 units. LCS Group signed a long-term master lease contract for the mobile communication tower with DITO Telecom, the third mobile communication operator in the Philippines, to receive the master lease fee for 25 years after its completion. Said LCS Group Korea, "LCS Group, where its first overseas corporation established, plans to cooperate with various companies in Korea” One case is the development of the Ortigas site (total area of 160,000 m2) in Manila, Philippines, which LCS Group is conducting. The company explains that it lays out to be the largest complex project in the Philippines, where condominiums, hotels, and business facilities will come in. Ortigas is a central business district where the headquarters of companies such as SM Mega Mall, a large shopping mall, the Philippine Stock Exchange, Asian Development Bank, and San Miguel headquarters, and branches of global companies such as Google and Amazon are gathered. LCS Group Korea is planning to collaborate with domestic construction companies and financial companies on this project. As a foreign-invested corporation, it plans to participate in real estate development projects in Korea as well. LCS Group is a holding company as 10 affiliates engaged in real estate development, the main business, mining, transportation, defense industry, distribution, and entertainment business. Construction and mining affiliates have secured 90% of the Philippines iron sand mines, and transportation affiliates have the largest number one market share in the Philippine bus industry. <See the original text)>
