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Taihan is holding its second-quarter earnings presentationTaihan Posts Record Quarterly Revenue and Operating Profit in Q2, Backlog Surpasses KRW 4 Trillion for the First Time- Revenue reaches KRW 1.1987 trillion and operating profit KRW 60.8 billion, up 30.8% and 113.0% year-on-year, respectively- First-half operating profit reaches KRW 121.3 billion, exceeding 94% of full-year 2025 operating profit- Revenue remains above KRW 1 trillion for three consecutive quarters, driven by growth in extra-high-voltage and submarine cable businesses Taihan has achieved record quarterly results, driven by its competitiveness in the extra-high-voltage (EHV) and submarine cable businesses and its expanding global operations. On July 30, Taihan announced its preliminary consolidated results for the second quarter, reporting revenue of KRW 1.1987 trillion and operating profit of KRW 60.8 billion. Compared with the same period last year, revenue increased by 30.8% from KRW 916.4 billion, while operating profit rose by 113.0% from KRW 28.6 billion. Both revenue and operating profit reached all-time quarterly highs, demonstrating the company's strong growth and profitability. Revenue has remained above KRW 1 trillion for three consecutive quarters, reflecting sustained business momentum. For the first half of the year, cumulative revenue totaled KRW 2.2820 trillion and operating profit reached KRW 121.3 billion. This represents increases of 28.8% and 117.8%, respectively, compared with revenue of KRW 1.7718 trillion and operating profit of KRW 55.7 billion recorded in the first half of the previous year. First-half operating profit already exceeded 94% of the company's full-year 2025 operating profit. The strong performance was driven primarily by the EHV and submarine cable businesses. Growth was supported by expanding projects in overseas markets, including North America and Singapore, as well as major domestic power grid projects. Order intake continued to grow steadily. New orders received during the second quarter amounted to KRW 727.2 billion, while the order backlog reached KRW 4.0629 trillion as of the end of the quarter, surpassing KRW 4 trillion for the first time in the company's history. The increase reflects rising demand for EHV cables amid expanding global power grid investments and the company's strengthened competitiveness in international markets. The growing backlog also provides a solid foundation for future revenue growth. Taihan also highlighted its recent award of the 500kV HVDC Donghaean–Dongseoul Transmission Line Construction Project, one of Korea's key national power grid initiatives. The project demonstrates the company's capabilities across the HVDC value chain, spanning design, manufacturing, testing, and installation. Building on this achievement, Taihan plans to expand its participation in major domestic transmission projects and accelerate its entry into overseas HVDC markets. The company also showcased its turnkey submarine cable capabilities. Taihan recently secured the Skandi Connector, an 11,000-ton cable-laying vessel (CLV), adding to its existing CLV PALOS and establishing Korea's only dedicated CLV fleet. The addition strengthens the company's turnkey submarine cable capabilities and project execution capacity for domestic and international projects. A company official stated, "Growth in the extra-high-voltage and submarine cable markets is accelerating as AI data centers expand and power grid investments increase worldwide. Leveraging our expanded order backlog, we will continue delivering stable growth while further strengthening our position in the global market through high-value-added businesses such as HVDC and submarine cables." 

Photo) Overview of Taihan's Dangjin Cable Plant​Taihan Secures Domestic 500kV HVDC Project, Accelerating Expansion in the HVDC Market- A key national power grid project transmitting electricity to the Seoul metropolitan area- Domestic HVDC Contract Secured, Demonstrating Technology and Execution Capabilities- Expanding Participation in Major HVDC Projects in Korea and OverseasTaihan has reinforced its competitiveness in the HVDC market by securing a key national power transmission project. On June 17, Taihan announced through a regulatory filing that it had been awarded the EP2 package of the 500kV HVDC East Coast–DongSeoul Transmission Project by Korea Electric Power Corporation (KEPCO). The contract is valued at KRW 146.3 billion, and Taihan will undertake the project on a turnkey basis, covering the manufacturing and supply of 500kV HVDC XLPE cables and related accessories, as well as installation. The East Coast–DongSeoul HVDC project is a critical national transmission infrastructure initiative designed to ensure the stable delivery of electricity generated from nuclear, thermal, and large-scale renewable energy sources in Korea’s eastern coastal region to the Seoul metropolitan area. Taihan has developed and commercialized Korea’s first 500kV HVAC (High Voltage Alternating Current) cable system and has supplied the technology to overseas markets, including North America. Building on this expertise, the company successfully developed Korea’s first 500kV current-source HVDC cable system and a 525kV voltage-source HVDC cable system (3,000㎟, operating above 90°C), expanding its technological capabilities into the ultra-high-voltage direct current transmission sector. These systems have all been designated as National Core Technologies by the Korean government, and Taihan continues to strengthen its capabilities to support the stable development of the national power grid. Leveraging its technological expertise, Taihan has also expanded its presence in the global market. In the United States, the company secured a 320kV-class HVDC power grid project, strengthening its foothold in North America. In Europe, it signed an HVDC cable system framework agreement with National Grid, the United Kingdom’s electricity transmission operator, establishing a foundation for further market expansion. More recently, at the Korea-EU Energy Transition Partnership Forum, Taihan signed separate Memoranda of Understanding (MOUs) with leading marine infrastructure companies Jan De Nul and Boskalis to cooperate on HVDC submarine cable projects, further enhancing its capabilities to execute large-scale global projects. “This contract award reflects the results of our long-term efforts to develop HVDC technologies and strengthen both manufacturing and installation capabilities,” said a Taihan official. “Building on our experience in domestic HVDC projects, we will further enhance our competitiveness in future national grid initiatives, including the West Coast Energy Highway project, as well as in the global power transmission market. We remain committed to contributing to stable power infrastructure development and the global energy transition.”​

Photo) The Skandi Connector, Taihan’s second CLV (Cable Laying Vessel)​“Establishing Korea’s Only Offshore Wind CLV Fleet”Taihan Secures Additional 10,000-ton CLV to Enhance Submarine Turnkey Competitiveness- Acquisition of Norway’s Skandi Connector establishes a dual-track installation system alongside PALOS- Strengthened capabilities in offshore wind and long-distance interconnection, contributing to national grid stability and energy security- Targeting global markets based on vertical integration spanning design, manufacturing, transportation, and installationTaihan is enhancing its competitiveness in the submarine cable business by securing an additional large-scale Cable Laying Vessel (CLV). On the 14th, the company announced the acquisition of the 10,000-ton class submarine cable installation vessel Skandi Connector. Following PALOS, the only offshore wind CLV currently owned domestically, this marks the second offshore wind-dedicated CLV introduced in Korea. The vessel is capable of loading up to 7,000 tons of submarine cable in a single operation. With this acquisition, Taihan has strengthened its capabilities in both intra-array and export cable installation for offshore wind projects, while also establishing a system capable of executing long-distance interconnections and HVDC (High Voltage Direct Current) transmission networks. Notably, by operating two CLVs including PALOS, the company has established a dual-track installation system that enables optimal vessel deployment depending on project characteristics and installation environments. The Skandi Connector is a high-specification cable laying vessel designed by Damen, a Netherlands-based specialist shipbuilder, and previously operated by Norway’s DOF Group, a global marine engineering company. The vessel has been deployed in 27 projects, installing approximately 1,300 km of submarine cable, demonstrating proven safety and operational capabilities in global markets, including Europe. Equipped with a DP2 (Dynamic Positioning 2) system, the vessel maintains precise positioning even under changing weather conditions. It also features high-spec installation equipment such as a large carousel and tensioners, enabling installation of export cables, long-distance interconnections, and short-distance HVDC submarine cables. The vessel’s flat-bottom hull enables stable operations in shallow waters, making it particularly suited for Korea’s coastal areas such as the West Sea, where tidal currents are strong and depths are relatively low. With a self-propelled speed of up to 12 knots, it offers superior operational stability and efficiency compared to Cable Laying Barges (CLBs), which require tug assistance. Through this acquisition, Taihan has established a CLV fleet capable of covering the full spectrum of submarine cable installation. This strengthens its vertically integrated system, enabling in-house execution of the entire value chain from design and manufacturing to transportation and installation. In particular, synergies with its Submarine installation subsidiary, Taihan Ocean Works, are expected to enhance turnkey competitiveness and expand project execution capabilities. This investment is particularly significant amid surging global demand for large-scale cable laying vessels driven by the expansion of offshore wind and increased cross-border grid investments. By securing a high-spec CLV available for immediate deployment instead of newbuild construction, Taihan improves responsiveness and operational stability while proactively addressing supply-demand imbalances in installation vessels. It is also expected to reduce reliance on foreign vessels, thereby contributing to the stability of domestic power grid projects and strengthening energy security. The company also plans to expand business opportunities through both fleet operations and vessel chartering. A company official stated, “With the additional CLV, we have established a system capable of executing both offshore wind projects and long-distance interconnections simultaneously. Leveraging PALOS and Skandi Connector, we will continue to strengthen our competitiveness in the global submarine cable market through stable project execution.” Taihan signed the vessel purchase agreement with DOF on the 14th, and delivery to Korea is scheduled for August.

Photo) Participants take part in the groundbreaking ceremonyPhoto) Rendering of Taihan Vina’s Extra-High Voltage (EHV) Cable Plant​Taihan VINA Breaks Ground on Vietnam’s First 400kV Extra-High Voltage Cable Plant- Construction of new plant in Long Thanh Industrial Zone, Dong Nai Province… Full-scale operations targeted for 2027- Taihan’s first overseas EHV production base to be fostered as a key global strategic hub- Groundbreaking ceremony on the 11th attended by Dong Nai provincial officials and leading industry representativesTaihan has commenced construction of an extra-high voltage (EHV) cable manufacturing plant in Vietnam. On the 12th, Taihan announced that Taihan Cable VINA (TAIHAN CABLE VINA), its Vietnamese manufacturing subsidiary, has broken ground on a new 400kV-class EHV cable plant in Dong Nai Province in southern Vietnam. This facility will serve as Taihan’s first overseas production base for extra-high voltage cables and forms part of its strategy to respond to expanding global power grid investments and strengthen its overseas manufacturing footprint. The new plant will be built on a site of approximately 56,200 square meters (approx. 17,000 pyeong) within the Long Thanh Industrial Zone in Dong Nai Province, where Taihan VINA’s existing plant is located, with operations scheduled to commence in 2027. Through this investment, Taihan VINA will expand its EHV cable production capacity and enhance its responsiveness not only to Southeast Asia but also to global markets including Europe, the Americas, and Oceania. Upon completion, Taihan VINA will become the only company in Vietnam capable of manufacturing 400kV-class extra-high voltage cables. On the 11th (local time), Taihan VINA held a groundbreaking ceremony for the new EHV cable plant at its Dong Nai facility. Approximately 150 attendees were present. The ceremony began with a traditional Vietnamese lion dance and drum performance, followed by welcome remarks, a commemorative video presentation, and a ceremonial groundbreaking performance. Participants celebrated Taihan VINA’s new leap forward while wishing for the project’s safe and successful completion. In his welcoming remarks, Joon-seok Kim, Executive Vice President of Taihan, stated, “Over the past 20 years, Taihan VINA has served as a core production base driving Taihan’s overseas business growth, built upon accumulated manufacturing expertise and strong quality competitiveness. With the construction of this new plant, we will contribute to the advancement of Vietnam’s power grid while playing a leading role in the global energy infrastructure market.” Vietnam’s power demand is rapidly increasing due to accelerated industrialization and is projected to grow at an average annual rate of approximately 10–12% through 2030. In particular, large-scale new projects are planned to establish transmission networks of 220kV and above, indicating that the construction of this new plant is expected to serve as a key infrastructure asset in meeting growing market demand. Established in 2005, Taihan VINA is one of Vietnam’s leading cable manufacturers, producing high-voltage (HV), medium- and low-voltage (MV/LV) power cables, as well as overhead conductors. Taihan Cable & Solution plans to further develop Taihan VINA into a second global production hub alongside its Dangjin Cable Plant in Korea through continued facility expansion and technological investment, thereby proactively addressing growing demand in the global cable market.​ 

Perspective view of Taihan’s Second Submarine Cable PlantTaihan Selected as Government’s “Leading Company for Supply Chain Stabilization” in Submarine Cable Sector- First company in Korea’s wire and cable industry to be designated under the government-led program- Recognized for intensive investment in submarine cables and efforts to stabilize the offshore wind supply chain- Company commits to strengthening the submarine cable supply chain and supporting the sustainable development of the national energy industryTaihan Cable & Solution announced that it has been selected by the Government of the Republic of Korea as a “Leading Company for Supply Chain Stabilization” in the submarine cable sector, becoming the first company in Korea’s wire and cable industry to receive this designation. The designation is valid for an initial period of three years from the date of selection and may be extended for up to five years. The “Leading Company for Supply Chain Stabilization” program identifies companies that proactively respond to global supply chain risks while enhancing the self-reliance and competitiveness of domestic industries. Designated companies receive various forms of support, including financial assistance, policy support, and tax incentives. Taihan explained that its selection reflects comprehensive investments to strengthen submarine cable manufacturing and installation capabilities, as well as its contribution to stabilizing the supply chain for Korea’s offshore wind power industry. Submarine cables are a critical component of offshore wind power, a key pillar of the energy transition, and any disruption in their supply can delay individual projects and hinder the broader growth of the renewable energy sector. According to Korea’s 11th Basic Plan for Long-Term Electricity Supply and Demand, the domestic offshore wind market is projected to grow rapidly to approximately 14 GW by 2030. In this context, Taihan’s aggressive investments and technology development are regarded as key solutions for addressing structural shortages in submarine cable supply. In anticipation of growing demand and global supply constraints, Taihan declared the full-scale expansion of its submarine cable business in 2020 and has since strengthened its turnkey capabilities through major investments. These include the construction of a dedicated submarine cable plant, the acquisition of PALOS, Korea’s only offshore wind cable-laying vessel (CLV), and the acquisition of a specialized installation subsidiary. These efforts have enabled the company to secure and supply major domestic offshore wind projects, including Yeonggwang-Nakwol and Anma. Furthermore, Taihan is constructing a second submarine cable plant capable of producing 640 kV HVDC submarine cables and is reviewing the acquisition of a dedicated HVDC cable-laying vessel. These initiatives are progressing as part of the company’s preparation to participate in national strategic projects, including the “West Coast Energy Highway.” A Taihan official stated, “This designation reaffirms our role in establishing a stable offshore wind power value chain in Korea. Leveraging continued facility investment and technological development, we will further strengthen the submarine cable supply chain and contribute to the sustainable advancement of the national energy industry.” Companies selected as Leading Companies for Supply Chain Stabilization receive priority access to the Supply Chain Stabilization Fund, as well as various benefits such as government financial support and tax reductions.