대한전선

Taihan held a completion ceremony for its HVDC Test Center​Taihan Completes Construction of HVDC Test Center, Accelerating Global Market Expansion- Enables simultaneous testing of two 640kV-class HVDC cable circuits, strengthening product competitiveness- The dedicated testing infrastructure enables fully in-house execution of development, validation, and certification activities-“We will continue to expand our presence in the global HVDC market, underpinned by robust technological capabilities,” the company said. Taihan has established core infrastructure to enhance its HVDC (High Voltage Direct Current) cable competitiveness and accelerate its expansion into the global market. On January 29, Taihan held a completion ceremony for a dedicated HVDC cable test center to mark the milestone. The event was attended by key executives and employees, including Vice Chairman Song Jong-min of Taihan Cable & Solution and Kim Dae-heon, Head of Planning at Hoban Group. Participants shared the achievements of the facility’s construction and reviewed strategies for expanding the company’s HVDC business. The newly completed HVDC test center spans approximately 7,000 square meters and is located at the company’s Dangjin Cable Plant, enabling close integration with existing production infrastructure.  The facility can simultaneously test two 640kV-class HVDC cable circuits (links)—both onshore and submarine—allowing flexible responses to project-specific requirements and standards. This capability is expected to shorten product development and certification timelines and enable faster incorporation of customer requirements, thereby strengthening competitiveness in winning contracts and overall market responsiveness. A key feature of the center is the consolidation of critical testing equipment required to verify the safety and reliability of HVDC cables. Designed to comprehensively evaluate a wide range of performance characteristics in a single location, the facility provides a one-stop testing environment without the need to relocate equipment or rely on separate facilities. With the establishment of this dedicated infrastructure, Taihan can now conduct long-term reliability testing (PQ Test), which typically takes more than one year, as well as temporary overvoltage (TOV) testing, a key required test in international HVDC cable qualification processes. At the ceremony, Vice Chairman Song stated, “The HVDC test center is a cornerstone infrastructure that demonstrates Taihan’s technological strength,” adding, “By internalizing the entire process—from product development and validation to certification—we are now able to proactively respond to domestic and international HVDC projects, including the ‘West Coast Energy Highway’ initiative.” He further emphasized, “We will continue to expand our presence in the global HVDC market.” Amid rapidly growing global demand for HVDC, Taihan has identified HVDC cables as a key future growth driver and has continuously invested in technology development and infrastructure. In December 2022, the company developed Korea’s first 500kV LCC HVDC cable system, followed by a 525kV VSC HVDC cable system, earning recognition for its world-class technical capabilities. HVDC technology, optimized for long-distance and large-capacity power transmission, is considered essential for cross-border power grid interconnections and the expansion of renewable energy sources such as offshore wind and solar power. Industry experts forecast that the global HVDC market will more than double, growing from approximately KRW 70 trillion in 2020 to KRW 159 trillion by 2030. 

Photo 1. Key attendees pose for a commemorative photo at the completion ceremony.(From left: Yong-dohan Yang, Ambassador of Korea to South Africa; Head of R&D, Eskom; Young-soo Shin, CEO of M-TEC; Jun-seok Kim, Vice President of Taihan; Dae-heon Kim, Executive President for Corporate Planning at Hoban Group; Lester Bouah, Chief Director for Energy at DTIC; Anna Mokgokong, Executive Chairperson of CIH; Joe Madungandaba, CEO of CIH)  Photo 2. Representatives from Taihan and CIH pose for a commemorative photo. (From left: Jun-seok Kim, Vice President of Taihan; Anna Mokgokong, Executive Chairperson of CIH; Joe Madungandaba, CEO of CIH; Dae-heon Kim, Executive President for Corporate Planning at Hoban Group)  Photo 3. A view of the completion ceremony venue.    Taihan’s South African Subsidiary M-TEC Completes Expansion of Power Cable Plant- Production capacity doubled with the addition of state-of-the-art CCV insulation facilities- Expansion enhances product quality, price competitiveness, and accelerates local project execution- “We will expand power infrastructure exports across Africa, with South Africa as a strategic hub” Taihan has expanded its production capabilities to strengthen its competitiveness in the African market. Taihan held a completion ceremony on the 22nd (local time) for the expansion of its power cable plant at M-TEC (Malesela Taihan Electric Cable), its production subsidiary in South Africa. The expansion was undertaken to meet growing demand for medium- and low-voltage (MV/LV) cables, which account for over 90% of South Africa’s underground power market. This involved the addition of a Catenary Continuous Vulcanization (CCV) line, a state-of-the-art insulation facility.This investment is expected to more than double M-TEC’s MV/LV cable production capacity, while further strengthening its quality and cost competitiveness. The completion ceremony was attended by Lester Bouah, Chief Director for Energy at South Africa’s Department of Trade, Industry and Competition (DTIC), representatives from Eskom, partner company CIH, Yong-dohan Yang, Ambassador of Korea to South Africa, Dae-heon Kim, Executive President for Corporate Planning at Hoban Group, Jun-seok Kim, Vice President of Taihan, and Young-soo Shin, CEO of M-TEC. A Taihan official stated, “Through this investment, M-TEC will actively respond to expanding local demand while broadening exports across Africa. As a comprehensive wire and cable manufacturer, we will continue to strengthen our competitiveness in power cables, overhead conductors, and trolley wires, contributing to the stabilization of South Africa’s power network.” Established in 2000 as a joint venture between Taihan and local partners to enter the African market, M-TEC has built strong trust by supplying a diverse portfolio that includes MV/LV cables, overhead conductors, trolley wires, and communication cables.Based on this foundation, the company achieved sales of KRW 123.9 billion last year, representing a growth of approximately 33% compared to 2023.

South African Ambassador Visits Taihan's Plant to Discuss Business Expansion in South Africa​- Toured large-scale cable manufacturing plant and discussed South Africa's power industry.- Shared business plans for M-TEC, Taihan's South African production corporation.- Vice Chairman Song: “We will enhance M-TEC’s competitiveness to drive exports across Africa.”- Ambassador Mququ: “With South Africa's growing commitment to renewable energy, Taihan is expected to play a pivotal role.” Taihan reinforces its leadership in the African cable market. On April 19, Taihan (CEO Song Jong-min) announced that the South African Ambassador to Korea visited its Dangjin cable plant on April 18 to discuss strategies for expanding Taihan’s business in South Africa. The meeting was held at the plant to provide a comprehensive understanding of the cable production process and allow firsthand experience of Taihan’s large-scale manufacturing facilities. The visit was attended by H.E. Ms. Sindiswa Mququ, South African Ambassador to Korea; Mr. Thulane Nyembe, Counsellor Political; and Mr. Kwangsu Jin, Marketing Officer. Taihan was represented by Vice Chairman Song Jong-min and Executive Director Baek Seung, Head of Corporate Management. This marked Ambassador Mququ’s first corporate visit since assuming her post in October. During the visit, Ambassador Mququ toured the Dangjin cable plant and engaged in discussions with Vice Chairman Song regarding South Africa’s power development strategies. They reviewed the current status and future support plans for M-TEC, Taihan’s South African production corporation, including plans to expand its facilities. To enhance its production capacity, M-TEC will introduce new production lines for medium- and low-voltage (MV/LV) cables in the first half of this year, improving both volume and quality. Further discussions covered ongoing and upcoming projects with Eskom, South Africa’s state-owned power company. The parties also explored ways to strengthen local technical expertise through training programs and workforce exchange initiatives. Ambassador Mququ expressed appreciation for Taihan’s contributions to stabilizing South Africa’s power supply and creating jobs. She remarked, “With South Africa's growing commitment to renewable energy, including solar and offshore wind power, we expect Taihan to play a pivotal role in the sector.” Vice Chairman Song stated, “Africa presents vast opportunities for business expansion due to its rich natural resources and skilled workforce. South Africa, in particular, is a key market given its advanced economic and educational infrastructure.” He continued, “We will strengthen M-TEC’s competitiveness to drive revenue growth in South Africa and expand exports to neighboring African countries.” M-TEC, established in 2000 through Taihan's strategic investment, is a comprehensive cable manufacturer that supplies a wide range of power and communication cables. The company currently employs approximately 350 staff. 

Taihan met with Saudi Arabia's Minister of Industry and Mineral ResourcesTaihan Cable & Solution met with Saudi Arabia's Minister of Industry and Mineral Resources​at a hotel in Seoul on December 15th to discuss cooperation plans, including investment in a cable factory. The meeting was organized to discuss investment and business cooperation in Saudi Arabia during the Saudi minister’s visit to Korea. The attendees shared the current status of an extra-high-voltage cable factory in Saudi Arabia that Taihan is promoting and discussed future plans in detail.  

Catalyzing Growth: Aggressive InvestmentAmid Global Power Grid UpswingTaihan raises KRW 520 Billion to "Build Submarine Cable Plant 2"- Capital to be raised through underwriting of forfeited shares following the rights offering, with the majority shareholder Hoban E&C participating in the offering- KRW 470 billion investment in Submarine Cable Plant 2 to “fully meet the demand for HVDC submarine cables”- Strengthening competitiveness by securing production bases in expanding infrastructure investment areas like the U.S. and Europe.- Positioning to be a global leader in all power grid areas, including underground and submarine. Taihan seeks to secure future growth engines amid the surging global power grid infrastructure.  Taihan Cable & Solution (CEO Song Jong-min) announced on Thursday that it has decided to undertake a rights issue by approximately KRW 520 billion to build the Submarine Cable Plant 2. The strategy involves constructing additional plants for submarine cables to target the offshore wind power market, where demand is growing due to the expansion of renewable energy. Additionally, the company aims to enhance global competitiveness by establishing production bases in regions where investment in electricity infrastructure is accelerating, such as the United States and Europe. The rights issue will will take the form of underwriting forfeited shares following the rights offering. Taihan plans to allocate approximately 0.5 new shares for each share held to existing shareholders (as of January 18) and will initiate a subscription offer for existing shareholders from February 27 to 28. An oversubscription privilege is granted within the range of 20% of the allocated shares. Hoban E&C the majority shareholder (40.1%), is set to participate in the rights issue.  □ Investment of KRW 470 billion in Submarine Cable Plant 2, "Securing the Growth Engine of HVDC Submarine Cable"Taihan is set to invest approximately KRW 470 billion in the construction of the second submarine cable plant, referred to as "Submarine Plant 2," utilizing financial resources secured through the rights offering. Following the ongoing construction of Submarine Plant 1 at the Go-dae Pier at Dangjin Port, Chungcheongnam-do, Taihan plans to expedite the construction of Plant 2 to proactively meet the expanding global demand for submarine cables. The Submarine Plant 2 will be a specialized facility capable of producing 525kV-class HVDC (High-Voltage Direct Current) submarine cables and 345kV-class export cables. The plant is expected to be completed in 2026 and operational in the first half of 2027. Featuring cutting-edge equipment, including a VCV (Vertical Continuous Vulcanizing) tower—a pivotal component for extra-high voltage cable production—the second plant will boast approximately five times the production capacity of the first submarine plant. □ "Securing Production Bases" in Regions with Expanding Infrastructure Investment, Such as the U.S. and EuropeTaihan will also invest in securing production bases in regions with active infrastructure investment. Approximately 50 billion won, raised through the rights offering, will be strategically allocated to regions including the U.S., Europe, and the Middle East.  Specifically, in the U.S., the company aim to enhance competitiveness in orders, aligning with its Buy American policy by establishing local production facilities in areas where Taihan’s orders and sales are increasing annually. In Europe, the expansion of infrastructure investment, driven by the transition to renewable energy and the construction of new power grids, will be capitalized upon as the company extends its influence through the establishment of local production bases. "As we find ourselves amidst a global super cycle, witnessing a surge in demand for renewable energy generation and power grids, we intend to capitalize on this opportunity and sustain our growth," stated an official from Taihan. "Through proactive and aggressive investments, our aim is to emerge as a global leader, showcasing unparalleled competitiveness across all power grid sectors, encompassing both underground and submarine cables." 

Groundbreaking​ Ceremony for Submarine Cable Offshore Plant in Dangjin, Chungcheongnam-do: Accelerating Offshore Wind Power ProjectsTaihan announced that on December 9, 2022, it hosted a groundbreaking​ ceremony for a submarine cable offshore plant in the Asan National Industrial Complex, located in Dangjin City, Chungcheongnam-do. Taihan's submarine cable offshore plant will be constructed on a site of approximately 44,800 m2 (11.07 acres) near the Go-dae Pier at Pyeongtaek-Dangjin Port. This location is strategically placed within a 10-minute drive from Taihan's main production facility, the Dangjin Plant, ensuring the improved efficiency of construction, operations, and management by leveraging the existing infrastructure and resources of the plant. Taihan confirmed the suitability of this site for the submarine cable offshore plant construction in February 2022 and has since then fast-tracked the land acquisition, plant design, and major equipment procurement processes, etc. Construction commenced in December 2022, with completion planned for the second half of 2023. Taihan aims to use the submarine cable offshore plant as a strategic base to capture a significant share of the rapidly expanding global offshore wind power market. 

Groundbreaking ceremony​ for Kuwait Optical Cable FactoryOn January 30, 2023 , Taihan announced that it had held an groundbreaking ceremony​ for "Taihan Kuwait," an optical cable manufacturing factory located in Kuwait on January 29, 2023. Taihan Kuwait is a joint venture between Taihan and Rank, a local construction and trading company, and is the first optical cable manufacturing entity in Kuwait. The Taihan Kuwait factory will be constructed on a 5,000 m2 (1.23 acre) site within the Mina Abdulla Industrial Area, situated in the southeastern part of Kuwait City. The factory design has been approved, and permits for initiating construction and placing major equipment orders have been secured. It is anticipated that the factory will be fully operational and generating revenue by the second half of this year. Taihan aims to capture the Kuwait optical cable market and actively respond to the increasing demand resulting from infrastructure expansion. Additionally, by leveraging its business network that has supplied cables throughout the Middle East for over 50 years, the company plans to extend its reach to neighboring GCC (Gulf Cooperation Council) countries such as Saudi Arabia and Qatar. 

Taihan meets with the Minister of Investment of Saudi Arabia to discuss the local business promotion​On the Nov. 13th, 2022, Taihan announced that it had met with Saudi Arabia's Minister of Investment Khalid A. AlFalih, who was visiting Korea, in the afternoon of the Nov. 11th, 2022 to discuss plans for investment and business expansion, etc. in Saudi Arabia. Related persons of both sides, such as Minister Alfalih, CEO of Saudi Electricity Project Development Co. Mahdi N. AlDosary, Director of Korea Office of the Ministry of Investment of Saudi Arabia Hesham AlMasaud, Hoban Group Chairman Kim Seon-kyu, President of Taihan, Na Hyung-gyun and Vice President of Taihan Kim Yun-soo, and Hoban E&C Executive Director Kim Min-seong, attended the meeting. The two sides exchanged opinions on mid- to long-term business expansion plans in Saudi Arabia, including the Saudi extra-high-voltage cable production corporation that Taihan is promoting. Earlier, on the Oct. 26th, 2022, after the two sides signed an investment agreement for a Saudi extra-high voltage cable production corporation at the ‘Future Investment Initiative (FII) Forum’ hosted by the Ministry of Investment of Saudi Arabia in Riyadh, they had a meeting to discuss the business in detail. 

South African Ambassador to Korea visits Taihan to discuss business expansion in South AfricaThe South African ambassador to Korea visited Taihan's headquarters on the Nov. 1st, 2022 to discuss ways of Taihan's expanding its business in South Africa. About 10 key officials including South African Ambassador to Korea Zenani N. Dlamini, Economic Counselor of the South African Embassy in Korea Seema Sardha, Chairman of Hoban Group Kim Seon-kyu, President of Taihan Na Hyung-gyun, and Executive Director of Hoban E&C Kim Min-seong attended the meeting. The meeting lasted about an hour and a half, and the main contents of the meeting were the facility investment plan of M-TEC, the South African production corporation of Taihan, and the opportunities and plans, etc. for Hoban Group's business expansion through it. 

Taihan discusses business cooperation with Saudi Arabia’s Aramco​On the Oct. 14th, 2022, Taihan discussed ways to cooperate with Saudi Arabia's Aramco, the world's largest oil company, at Hoban Park to reinforce its global partnership. About 20 key officials including Ahmad A. Al-Sa'adi, Senior Vice President of Aramco, Mutib A. Al-Harbi, CEO of Aramco Korea, Bandar F. Al-Otabi, Procurement Representative, Hoban Group Chairman Kim Seon-gyu, Hoban E&C Vice Chairman Song Jong-min, and Taihan President Na Hyung-gyun attended the meeting. Through this discussion, the two companies agreed to strengthen their business partnership. Taihan requested extensive support for the construction of a Saudi extra-high-voltage cable production plant, which is being promoted by Taihan, and Aramco expressed appreciation for Taihan's interest and investment in Saudi Arabia and said that it will actively cooperate on business development plans of the two companies.