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Taihan is holding its Third Quarter Investor Relations (IR) session.  Consolidated Financial Performance and Order Backlog (Last 5 Years)  Taihan Reports Record Cumulative Revenue for Q3 — Order Backlog Surpasses KRW 3.4 Trillion, Setting a New All-Time High– Revenue of KRW 855 billion and operating profit of KRW 29.5 billion, both up year-on-year– Secured KRW 900 billion in new orders in Q3 alone, sustaining robust growth momentum– Strengthened HVDC submarine cable capabilities, “Steady Progress Toward the West Coast Energy Expressway”– Continuous and stable growth built on a solid financial foundation following Hoban Group acquisition Taihan has reported the highest cumulative revenue in its history for the third quarter, underscoring its consistent and sustainable growth trajectory. On October 30, Taihan announced its provisional consolidated results for Q3, recording revenue of KRW 855 billion and operating profit of KRW 29.5 billion, representing increases of 6.3% and 8.5%, respectively, compared to the same period last year (KRW 804.4 billion in revenue and KRW 27.2 billion in operating profit). Cumulative revenue for the first three quarters reached KRW 2.6268 trillion, the highest in the company’s history. This performance was primarily attributable to robust sales growth in global markets such as the Americas and Europe, as well as stable revenue recognition from submarine cable projects, including the Yeonggwang–Nakwol Offshore Wind Project. The company’s order backlog also hit an all-time high. Taihan secured new orders worth KRW 913 billion during the third quarter, bringing the total backlog to KRW 3.4175 trillion at the end of September—more than triple the figure recorded at the end of 2021 (KRW 1.065 trillion), when the company was acquired by Hoban Group. This surge reflects continued expansion in key business segments such as Extra-high-voltage (EHV) power transmission networks and submarine cables across both domestic and overseas markets. In the third quarter alone, Taihan won several large-scale projects, including the Anma Offshore Wind Power Project (KRW 181.6 billion), the Singapore 400kV EHV power grid project (KRW 109.8 billion), and two EHV power transmission projects in Qatar (totaling KRW 220 billion), demonstrating the company’s technological excellence and global competitiveness. On the same day, Taihan held an Investor Relations (IR) session for institutional investors and analysts, where it presented its quarterly results, major achievements, and investment activities. The company highlighted its expanding investments in the submarine cable business, emphasizing that preparations for participation in the “West Coast Energy Expressway” are progressing smoothly. In July, Taihan acquired a specialized submarine cable installation company to reinforce its turnkey project execution capabilities. In September, the company broke ground on its second submarine cable plant, which will produce 640kV HVDC and 400kV HVAC submarine cables. Located on a 215,000㎡ site, the new plant will feature cutting-edge equipment, including a 187-meter VCV tower—the tallest in Korea—and will provide more than five times the production capacity of the first submarine plant upon completion. Taihan also reported a strengthened financial structure since its acquisition by Hoban Group in 2021. The company’s debt ratio has improved from 266% to the 90% range, while maintaining a current ratio of 182.3% and a borrowing dependency of 27.8%, reflecting strong and stable financial soundness. A Taihan spokesperson stated, “We achieved a record-high order backlog by earning recognition for our technological excellence and execution capabilities in the global EHV and submarine cable sectors,” and added, “We will continue to enhance our business centered on HVDC and submarine cable solutions, taking a leading role in major power infrastructure projects such as Korea’s ‘West Coast Energy Expressway’ and other key global initiatives.” 

Taihan hired new employees and held an induction ceremonyOn the 15th, Taihan Cable & Solution hired new employees for 2024 and held an induction ceremony at the Hoban Park 2. The ceremony was attended by key executives of Hoban Group, including Kim Sun-kyu, Chairman of Hoban Group, Song Jong-min, Vice Chairman of Taihan, and Kim Dae-heon, President of Planning, as well as heads of business divisions and executives of Taihan. The ceremony consisted of a new employee oath, a badge presentation, encouraging words from the management, and commemorative photos.   New employees will take part in a two-week orientation program. Various programs will be conducted to enhance their understanding of the company and internalize the company's core values. 

Taihan has signed an MOU related to wind power generation projectsOn the 28th, Taihan, along with its parent company Hoban E&C Co., Ltd. and Dream Engineering, a specialist company in renewable energy development, as well as Hana Bank, signed an agreement on joint development for a domestic wind power generation project. Through this agreement, we will collaborate on the development of onshore and offshore wind power projects and plan to proceed with projects based on future joint development agreements. We aim to become a leading company in the era of renewable energy through continuous investment and business expansion efforts​ 

Taihan Cable & Solution announced record-breaking first-half results. The company reported KRW 1,458.3 billion in revenue and KRW 41.7 billion in operating profit. Its net income of KRW 22.1 billion is a nearly 15-fold increase from the previous year's KRW 1.4 billion. In particular, the first-half operating profit is the highest in 20 years, dating back to 2003, and surpassed the 40 billion won milestone for the first time since 2004. It has already reached more than 80% of last year's annual operating profit of KRW 48.2 billion in the first half of the year alone. The rise in earnings is expected to persist as the cable industry tends to perform better in the second half of the year.

​Taihan Launches 'Blood Donation Campaign for Love'Taihan's executives and employees are joining forces in blood donation activities for the noble cause of sharing life. The 'Blood Donation Campaign for Love' commenced on June 20th at Taihan's Dangjin plant and Dangjin Cable Accessory plant​. It was conducted until June 23rd at Hoban Park in Seocho-dong, Seoul, the location of several affiliated companies, including Hoban Construction, Hoban Industries, and Taihan. Approximately 200 executives and staff members from Taihan participated in the event. In total, 300 blood donation certificates, including those received through additional donations, were collected by Taihan, and then handed over to the 'Pediatric Cancer NGO Hanbit', an organization dedicated to supporting children with cancer. Since 2013, Taihan has been consistently carrying out the Blood Donation Campaign for Love, and since last year, it has expanded its initiative to include the entire company. Taihan is committed to continuing its sharing activities, ensuring the delivery of love to all marginalized members of society.

Song Jong-min Assumes Office as the New CEO of Taihan Cable & Solution Co., Ltd., Promising to Achieve Sustainable Growth Song Jong-min, Vice Chairman of Hoban E&C Co., Ltd., has taken up a new role as CEO of Taihan Cable & Solution Co., Ltd., laying the groundwork for the company's future. In March 2023, Taihan designated Song Jong-min, then Vice Chairman, as a prospective CEO. Following an extraordinary general meeting and a meeting with the board of directors on 17th May, 2023, his appointment was officially confirmed. Song Jong-min joined Hoban Construction Co., Ltd. in 2000, and has since then acquired substantial expertise in finance, accounting, and management by undertaking a variety of roles within the group. He was appointed as the CEO and President of Hoban Construction Co., Ltd. in 2018, where he contributed significantly to the company's growth and business diversification. In 2022, he was promoted to Vice Chairman and CEO of Hoban E&C Co., Ltd., the parent company of Taihan Cable & Solution Co., Ltd., and oversaw the integration process after the acquisition of Taihan Cable & Solution Co., Ltd. During his inaugural speech, Song Jong-min expressed his commitment to succeed, stating, "I will provide full support and reinforce investment to encourage quality improvements and technical developments. I am committed to exploring new growth drivers and business opportunities to achieve sustainable growth."

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. 

Taihan and Hoban Construction create a “Second Venture Investment Association”Taihan formed another venture investment association with Hoban Construction to help discover and incubate innovative technology startups, and also to strengthen their investment. “Plan H,” an accelerator under the Hoban Group, will take the lead in managing this venture investment association. By participating in this venture investment association, Taihan plans to discover and invest in startups related to new and renewable energy and the environment in line with its “Green 2030” initiative, the company’s mid- to long-term environmental management strategy. Going forward, the company will continue to discover and invest in promising startups in the new renewable energy and ESG fields, and at the same time create synergy by working closely with Hoban Construction across a variety of fields.