2026 C-suite large private companies: PATRICK Y. SHIM

Since 2024, South Korean manufacturer LS Cable & System has committed more than $1.3 billion of its capital budget to Chesapeake, where it is building two giant projects that are expected to create 760 jobs.
Shim, who joined the company in 2023, is the person in charge of hiring and overseeing the construction of subsidiary LS GreenLink USA’s roughly $700 million advanced subsea cable manufacturing and port facility expected to be operational by 2028. The second project, announced in December 2025, is a $689 million manufacturing complex that will produce copper rods for cables, magnet wire and rare earth magnets for electric motors.

With Shim at the helm, LS Cable & System has introduced higher-capacity and more efficient production lines and matched innovation with customer demand for reliability, scale and speed to market. Shim believes his strengths lie “in translating long-term market trends into actionable investments that enhance competitiveness.”

A Claremont McKenna College graduate who has a background in investment on the West Coast, Shim previously worked at South Korea-based Mirae Asset Financial Group and California-based Hana Financial. He’s also a member of the Virginia Maritime Association’s board.

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