LS Electric expands RSU, stock grant program to overseas employees

LS Electric announced Thursday it will expand its equity compensation program for all employees, extending restricted stock unit (RSU) grants and stock grants company-wide.

The company introduced RSU grants for general employees in 2022 — the first such program within the LS Group — and will now extend the benefit to overseas local hires. The move aims to deepen engagement and motivation among top local talent as LS Electric accelerates its push into global markets, particularly in North America.

"HR competitiveness is becoming more critical than ever as we expand our global project footprint and execute our future growth strategy," said Choi Gyu-tae, LS Electric's chief human resources officer. "We will strengthen employees' sense of ownership by operating an advanced compensation system that shares results with our people, and secure a sustainable growth foundation in global markets."

The policy falls under the company's "Vision 2030" strategy, which targets a 70 percent overseas sales share by 2030 and a place among the top four power companies in the United States. With AI data center and power infrastructure markets expanding rapidly — especially in North America — LS Electric said it is reinforcing a performance- and growth-driven human resources system.

Beyond compensation, LS Electric is building a more horizontal corporate culture by adopting a single "manager" title for all staff regardless of rank, holding regular town hall meetings, and running mentoring sessions with Generation Z employees. The company has also strengthened its HR policies by adding an internship-to-hire program to expand youth recruitment and establishing what it says is the industry's first post-retirement reemployment committee.