BUSINESS – Korean firm to supply electrical components

South Korean electrical firm LSIS, part of the LS Group conglomerate, has signed a contract to supply high voltage distribution panel boards to Burma’s Asia General Electric (AGE) over the next five years, the Korea Times reported on Friday. Under the agreement, LSIS will also provide more than 3,000 vacuum circuit breakers (VCBs), the report said. AGE, which supplies key electrical parts to Burmese state-run forms and other companies, will reportedly manufacture complete switchgears using VCBs at its Burmese plant.