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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: Vice Chairman Song Jong-min of Taihan Cable & Solution touring the exhibition hallPhoto: Taihan Cable & Solution’s booth at IEEE PES T&DTaihan Strengthens North American Infrastructure Market Presence at IEEE, the Largest Power Exhibition in the U.S.- Showcasing submarine cables, HVDC, and HPFF retrofit solutions to address growing U.S. power demand- Highlighting 525kV HVDC integrated solutions applicable to the West Coast Energy Highway project- Vice Chairman Song Jong-min visits the exhibition site to discuss business cooperation with major U.S. utilities Taihan is accelerating its expansion into the North American power infrastructure market by leveraging its advanced HVDC cable technology. Taihan announced on May 6 that it participated in 2026 IEEE PES T&D, held in Chicago, Illinois, from May 4 to 7. IEEE PES T&D is the largest power infrastructure exhibition in the United States, bringing together power equipment manufacturers, utilities, and related institutions from around the world to showcase the latest technologies and solutions in power transmission and distribution. At this year’s exhibition, Taihan presented a broad range of strategic products, including HVDC cables, submarine cables, and HPFF retrofit solutions. The exhibition was structured around segments experiencing growing demand in the North American market, with a focus on identifying tangible business opportunities. Particular emphasis was placed on HVDC technology. The company showcased 320kV-class HVDC underground cables, including projects already secured in the United States, alongside 525kV-class HVDC underground cables and 525kV-class HVDC submarine cables applicable to Korea’s West Coast Energy Highway project, underscoring its technological competitiveness in next-generation power grid development. The company also highlighted its submarine cable investment status and integrated solution capabilities. It shared major project references from domestic and international submarine cable projects, along with updates on the production capacity and construction progress of its second submarine cable plant in Dangjin, scheduled for completion in 2027. In addition, Taihan introduced PALOS, a dedicated cable-laying vessel for offshore wind power, and Taihan Ocean Works, its specialized submarine cable installation affiliate. HPFF retrofit solutions were also on display, drawing considerable interest from visitors. These solutions enable increased transmission capacity by utilizing existing conduit infrastructure and are expected to see strong demand in the U.S. market, where aging power infrastructure accounts for a significant share. Based on its project experience and technological expertise, Taihan conducted tailored consultations with customers. Vice Chairman Song Jong-min visited the exhibition in person and, together with executives and employees from the company’s U.S. subsidiary, met with key officials from major North American utilities and business partners to discuss ongoing projects and future cooperation. “The North American region is experiencing rapid growth as power grid investment expands alongside the adoption of renewable energy,” said Vice Chairman Song. “Building on our experience and track record in the United States, we will continue to expand our performance in core areas such as HVDC, submarine cables, and aging grid solutions.” Prior to this exhibition, Taihan also participated in the Insulated Conductors Committee (ICC), a leading North American power grid conference held in California from April 26 to 29. Meanwhile, industry projections indicate that annual U.S. electricity demand will rise from approximately 4,100 TWh in 2024 to over 5,000 TWh by 2030, driven by advances in AI and the expansion of data centers. Accordingly, business opportunities related to new grid construction and aging infrastructure replacement are expected to expand.

Photo caption: Taihan booth at ELECS KOREA 2026​Taihan Showcases HVDC Turnkey Solutions at ELECS KOREA 2026- Full-scale display of HVDC submarine cables applicable to the West Coast Energy Highway- Highlighting comprehensive capabilities across the entire submarine cable value chain, from design to installation and maintenance- Vice Chairman Song: “We will actively participate in major domestic and international projects based on our turnkey capabilities”Taihan is reinforcing its turnkey competitiveness by unveiling its comprehensive HVDC submarine cable solutions. Taihan is participating in ELECS KOREA 2026, held at COEX from February 4 to 6, where it is showcasing its total submarine cable solutions and technological excellence. ELECS KOREA 2026 is a premier exhibition featuring power transmission and distribution equipment, power generation facilities, and renewable energy solutions. Under the theme “Connecting Grids, Securing Energy,” approximately 220 domestic and international companies are participating this year. At the exhibition, Taihan is presenting total solutions capable of supporting the West Coast Energy Highway and offshore wind power projects under the concept “From the West Coast to the World, Taihan Connects New Energy Pathways.” The company is also introducing its R&D achievements, including eco-friendly new products and next-generation technologies. At the center of the booth, Taihan is displaying prototype 525 kV-class HVDC submarine cables applicable to the West Coast Energy Highway. The exhibition also introduces Taihan Ocean Works, a specialized submarine cable installation company acquired last year, as well as information on a dedicated HVDC Cable Laying Vessel (CLV) currently under review. By placing its HVDC submarine cable turnkey solutions at the forefront, the company emphasizes its readiness to participate in the West Coast Energy Highway project. Furthermore, Taihan highlights its capability to execute the entire submarine cable value chain, encompassing design, manufacturing, transportation, installation, engineering, and maintenance. The exhibition includes a scale model of PALOS, Korea’s only CLV dedicated to offshore wind power, along with an exhibition space introducing Submarine Cable Plant 2, which will be equipped with production capabilities for 640 kV HVDC and 400 kV-class HVAC submarine cables. In addition, the company is showcasing a range of new products made with eco-friendly materials and new technologies developed through collaboration with research institutions and corporate partners, reinforcing its technological competitiveness in building sustainable energy infrastructure. Vice Chairman Jong-min Song stated, “Based on our HVDC technological capabilities and competitiveness, we will contribute to the successful execution of the West Coast Energy Highway, a core component of the national power grid,” adding, “Leveraging our turnkey solution capabilities, we will accelerate our entry into global HVDC markets and position ourselves as a leader in the global energy transition.” Vice Chairman Song attended the opening ceremony on the first day of the event and visited the exhibition hall to discuss business expansion opportunities with key customers.

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. 

Taihan Unveils Total Solution for the “West Coast Energy Highway” at BIXPO 2025- Showcases 525kV HVDC Submarine Cable Prototype under the Theme “From the West Sea to the World”- Presents the CLV “PALOS” and Announces Plans for a New HVDC Cable Laying Vessel, Highlighting Turnkey Capabilities- Demonstrates Technological Leadership through Project Achievements, New Products, and Advanced SolutionsTaihan participated in BIXPO 2025 (Bitgaram International Electric Power Technology Expo), held from November 5 to 7 at the Kimdaejung Convention Center in Gwangju, Korea. Hosted by Korea Electric Power Corporation (KEPCO), BIXPO is Korea’s largest international exhibition for power technology, bringing together around 200 domestic and global companies under the theme “Connecting with Energy.” Participants showcased the latest innovations shaping the future of the electric power industry. Under the theme “From the West Sea to the World – Taihan Connecting New Energy Pathways,” the company unveiled a total solution that supports both the West Coast Energy Highway and global offshore wind projects, emphasizing its readiness and technological competitiveness. A key highlight was the first public display in Korea of a 525kV HVDC submarine cable prototype, suitable for deployment in the West Coast Energy Highway project. The cable will be produced at Dangjin Submarine Cable Plant 2, a state-of-the-art facility equipped with production capabilities for 640kV HVDC and 400kV HVAC submarine cables, featuring Korea’s tallest 187-meter VCV (Vertical Continuous Vulcanization) tower. The plant is scheduled to begin full-scale operations in 2027. Taihan also showcased the “PALOS,” Korea’s only CLV (Cable Laying Vessel) dedicated to offshore wind projects, and announced plans to secure an additional 20,000-ton-class HVDC CLV to expand its construction capacity in response to growing global demand. To further strengthen its offshore installation competitiveness, the company introduced Taihan Ocean Works, a specialized submarine cable installation subsidiary acquired in July. This expansion enables Taihan to deliver turnkey solutions across the entire submarine cable value chain, from design, manufacturing, and transportation to installation, engineering, and maintenance. The exhibition also featured inter-array submarine cables currently being supplied for the Yeonggwang Nakwol Offshore Wind Project, and a dynamic submarine cable prototype designed for floating offshore wind applications. Taihan additionally presented eco-friendly products and co-developed technologies with various research institutions and partners, underscoring its commitment to innovation and sustainability in the future power infrastructure market. Vice Chairman Jong-min Song attended the opening ceremony and met with key clients to discuss cooperation and business expansion.He remarked, “It is meaningful to present our total submarine cable solution for HVDC projects such as the West Coast Energy Highway at this major exhibition, where industry leaders from home and abroad have gathered. As the theme ‘From the West Sea to the World’ suggests, Taihan will continue to play a pivotal role not only in Korea but also in the global market.”​ 

Taihan Cable & Solution signs an HVDC framework agreement with National Grid. (Right: Taihan Vice Chairman Song Jong-min) Taihan Signs HVDC Framework Agreement with National Grid UK- Secures participation opportunities in HVDC cable projects valued at approximately £21.3 billion (KRW 40 trillion) over up to eight years- Vice Chairman Song Jong-min visits the UK: "We will penetrate the global market with our technological expertise."- Achieves world-class underground HVDC technology; submarine HVDC cable production to commence in 2027. Taihan Cable & Solution has demonstrated its technological competitiveness in the HVDC sector in Europe, a key hub of the global power industry. The company announced on the 14th that it has signed a framework agreement with National Grid UK Limited, one of the UK’s leading power transmission and distribution companies, for high-voltage direct current (HVDC) cable systems. This agreement represents a major milestone in Taihan’s expansion into the European market. National Grid pursued framework agreements in two areas—HVDC cable systems and converter stations—to ensure a stable supply chain amid anticipated shortages in the HVDC market. The total value of the projects covered by these agreements is estimated at £59 billion (KRW 110 trillion), with more than 15 submarine and underground HVDC projects planned over the next eight years. Through this framework agreement, Taihan has secured access to business opportunities valued at approximately £21.3 billion (KRW 40 trillion) in the HVDC cable sector. The agreements were concluded with six top-tier global companies from Europe, Japan, and beyond. Taihan will be eligible to bid for 525kV and 320kV HVDC cable system projects led by National Grid from 2025 for up to eight years. A framework agreement is a long-term contract that establishes predefined conditions for the supply of goods or services over a set period, ensuring stable collaboration based on mutual trust between the buyer and supplier. To commemorate the signing of this agreement, Vice Chairman Song Jong-min personally visited National Grid’s headquarters in London last month to meet with key stakeholders and discuss future business plans. Vice Chairman Song stated, “This is a highly significant contract that validates our technological competitiveness in HVDC cable systems—an essential technology for the future power industry—in the advanced European market. We will continue to enhance the quality and reliability of our HVDC cable systems and strengthen our technological capabilities to expand business opportunities not only in Europe but also in the global market.” HVDC cable systems are a critical technology for long-distance power transmission and are in growing demand worldwide due to the expansion of renewable energy and supergrid interconnections. Due to the significant technical expertise and investment required, only a select group of global companies has successfully developed and produced HVDC cables. Taihan was the first Korean company to develop both a 500kV current-source and 525kV voltage-source HVDC underground cable system (3,000SQ, 90°C operating temperature), obtaining international certification. In September last year, Taihan further strengthened its position in the global HVDC market by securing its first 320kV voltage-source HVDC cable project in the United States. The company is also making steady progress on constructing its second submarine cable plant to support HVDC submarine cable production. In November last year, Taihan finalized the plant site in Dangjin, South Korea, further solidifying its strategic roadmap. The plant is set to begin operations in 2027, with R&D efforts focused on ensuring immediate HVDC submarine cable production upon commissioning. 

Taihan unveils key products in renewable energy and high-efficiency technology at BIXPO 2024​On the 6th, Taihan announced that it took part in “BIXPO 2024,” the Bitgaram International Expo of Electric Power Technology, held from the 6th to the 8th at the Kimdaejung Convention Center in GwangjuBIXPO is an event that showcases new technologies in the power and energy sectors, hosted by Korea Electric Power Corporation (KEPCO). With the theme “Journey to the Future of Energy,” this year’s BIXPO saw participation from more than 200 companies, both local and international. Taihan’s booth at this exhibition featured themes such as offshore wind power solutions, High Voltage Direct Current (HVDC) systems, solutions for replacing aging transmission networks, and eco-friendly power devices, highlighting many key and strategic products supplied worldwide. It also showcased research and development achievements, including new construction methods in the power sector conducted jointly with KEPCO, emphasizing its technological capabilities. Specifically, the offshore wind power solution theme was placed in the center of the booth to underline the company’s capability to manage the entire value chain of submarine cables, from design and production to transportation, installation, and maintenance. Taihan Cable & Solution exhibited submarine cables and the model of “Palos,” the only CLV for offshore wind power in Korea, and disclosed its investment plan for a submarine cable plant. Taihan also introduced latest technologies, such as the 500kV current type HVDC onshore cable system and the 525kV voltage type HVDC land cable system (3,000SQ, allowable temperature 90°C), which were developed for the first time in Korea. In addition, it exhibited solutions for replacing aging power grids, including Triplex cables and directional cable-laying devices, foreseeing sustainable growth in this field. 

1. Taihan is preparing to lay cable in the U.S.   2. Taihan is laying cables in the U.S. 3. Taihan completes certification testing for HVDC cables system at KEPCO's Power Research Institute in the Gochang Power Testing Center  Taihan Secures First U.S. HVDC Project Worth 90 Billion KRW-  Supplying 320kV HVDC and 500kV HVAC power grids to Silicon Valley and surrounding areas-  Secured all 500kV HVAC projects in the U.S., including this latest achievement-  Proves competitiveness with new orders totaling 610 billion KRW secured in the U.S. this year On 19th, Taihan Cable & Solution (CEO Song Jong-min) announced that it had been selected as the cable supplier for a 320kV VSC (Voltage Source Converter)-HVDC and 500kV HVAC power project in the United States. The contract, which was awarded by LS Power Grid California, LLC, a United States electric utility company and contemplates multiple cable orders with a currently-projected overall value of approximately KRW 90 billion, supports efforts to improve reliability of the power grid in Northern California, including regions like Silicon Valley and San Jose, which have seen a surge in electricity demand due to the recent expansion of AI(Artificial Intelligence) related businesses and other advanced IT companies. This contract marks Taihan’s official entry into the U.S. HVDC market. HVDC is a key technology for long-distance, large-scale power transmission, converting alternating current (AC) into direct current (DC) for transmission. In particular, the VSC(Voltage Source Converter)-HVDC project awarded to Taihan Cable & Solution is becoming a global trend as it allows for easier bidirectional power transmission and simpler converter station installation compared to LCC(Line Commutated Converter)-HVDC. It can also be applied to renewable energy generation, such as wind and solar power.  In fact, TSOs(transmission system operators) in Europe are increasingly adopting VSC-HVDC for many of their recent grid-connected renewable energy projects and cross-border power grid interconnection projects. Given the advanced technology required for HVDC cable systems, only a handful of companies worldwide have successfully commercialized this technology.Taihan Cable & Solution has focused on strengthening its technological capabilities in the HVDC field and previously developed South Korea's first 525kV VSC(Voltage Source Converter)-HVDC cable system, featuring a 3,000-square-millimeter cross-sectional area and a maximum operating temperature of 90°C.With this latest contract, Taihan is poised to actively pursue further HVDC projects both domestically and internationally. The 500kV HVAC cable system, designated as a national core technology, is the highest voltage among commercially available underground cables Taihan was the first company in South Korea to develop and commercialize this technology, and it has successfully secured and executed all 500kV HVAC projects conducted in North America. With this latest win, Taihan has achieved the remarkable accomplishment of carrying out all 500kV projects conducted in the U.S This achievement was made possible by demonstrating the competitiveness and technical capabilities of Taihan’s to multiple power authorities in the U.S. Anticipating the increased demand for replacing aging power grids in the U.S., Taihan has focused its efforts on the U.S. market since 2017. This strategic focus has yielded continuous success, with the company recording over KRW 610 billion (approximately $455 million) in new orders this year alone, achieving record-breaking results. A spokesperson from Taihan stated, “Extra-high-voltage power grids, such as HVDC and 500kV HVAC, require not only product supply but also highly specialized construction capabilities. Proven track records in such projects are a critical measure of success. As we continue to build on our achievements in this high-value, future-oriented market, we will further strengthen our competitive edge in the growing North American market. 

Taihan revealed they have participated in the “CIGRE 2024"Taihan revealed they have participated in the “International Council on Large Electric Systems 2024 (hereinafter referred to as CIGRE)” held from August 25th to the 30th. CIGRE is the largest global organization in the field of electric power transmission and distribution with about 100 member countries, 1,200 organizations, and over 15,000 experts. CIGRE holds biennial conferences, named Sessions, and exhibitions to share the latest technology and research achievements. In this year’s session, Taihan organized its booth under the theme of “Total Solution Provider, Across the Continents and to the Sea ” where next-generation products and anchor products were showcased including the offshore wind power solution, high-voltage direct current (HVDC) cable system, and extra high voltage (EHV) power grid system. The offshore wind power solution was prominently displayed in front of the booth, highlighting the comprehensive turn-key capabilities, from the production of submarine cables to their installation. Taihan showcased its accomplishment of supplying submarine cables to projects in Korea and overseas, as well as the only cable laying vessel (CLV) model for offshore wind power in Korea. In addition, the step-by-step investment plan for the ongoing Submarine Cable Plant. The HVDC cable system, designated as the national core technology, was also revealed. Taihan possesses advanced technologies, including the 500 kV current source HVDC land cable system, the first in Korea to be developed, and the 525 kV current source HVDC land cable system (3,000 SQ; allowable temperature of 90℃). It also introduced various EHV power grid projects carried out across Europe, the birthplace of the cable industry, including the Netherlands, Denmark, and Sweden, as well as the London Power Tunnels Phase 2 (LPT2) project, a large-scale tunnel construction project in London, UK. 

Taihansuccessfullyoperated the booth at IEEE PES T&D​At the IEEE PES T&D, held from May 6 to 9, in Anaheim, California, USA, Taihan operated a 900-square-foot booth that showcased their various strategic products into themes such as ▲ The Aging Power Grid Replacement Solutions, ▲ Offshore Wind Power Solutions, ▲ High Voltage Direct Current (HVDC) Systems, ▲ Communication Cable Solutions, etc. and introduced over 30 different products. Taihan placed the aging power grid replacement solutions that attracted a lot of attention at the front of their booth. In the Offshore Wind Power Solutions section, they introduced a variety of submarine cables and cable-laying vessels (CLVs) supplied to domestic and international projects, along with disclosing the investment and production plans of their submarine cable plant in stages.​