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Photo 1. Vice Chairman Song Jong-min of Taihan (fourth from right) signs an MOU with NEWTECONS during the Korea–Vietnam Business Forum on April 23 (local time)   Photo 2. Taihan signs an MOU with NEWTECONS at the Korea–Vietnam Business Forum on April 23 (local time). (From left, fourth: Vice Chairman Song Jong-min; fifth: NEWTECONS CEO Nguyen Quang Thuy)   Photo 3. Taihan discusses mid- to long-term cooperation with EVN executives on April 22 (local time). (From left, fourth: EVN CEO Nguyen Anh Tuan; fifth: Vice Chairman Song Jong-min)​   Taihan Accelerates Expansion into Vietnam’s Energy Infrastructure Market, Signs MOU with Local EPC Firm- Vice Chairman Song Jong-min signs MOU with NEWTECONS during Vietnam economic delegation visit- Discusses mid- to long-term cooperation, including HVDC power grid projects, with Vietnam Electricity (EVN)- “Will contribute to strengthening energy infrastructure cooperation and stabilizing supply chains” Taihan Cable & Solution is accelerating its expansion into Vietnam’s energy infrastructure market through a strategic partnership with a local company. The company announced that it has signed a Memorandum of Understanding (MOU) with NEWTECONS, a leading EPC (Engineering, Procurement and Construction) and construction infrastructure company in Vietnam, to cooperate on power cable supply and infrastructure projects. The agreement aims to establish a collaborative framework to enhance competitiveness across Vietnam’s energy infrastructure sector. The signing ceremony took place on April 23 (local time) during the Korea–Vietnam Business Forum, an official event held in conjunction with the Korean economic delegation’s visit to Vietnam. The event, held in Hanoi, was attended by key government officials from both countries, including representatives from Korea’s Ministry of Trade, Industry and Resources and Vietnam’s Ministry of Finance, as well as Taihan Vice Chairman Song Jong-min and NEWTECONS CEO Nguyen Quang Thuy. NEWTECONS is a prominent EPC and construction infrastructure company in Vietnam, with a strong track record in executing large-scale projects such as Long Thanh International Airport, industrial complexes, and high-rise mixed-use developments. The company has established a solid presence in the local construction market based on its proven execution capabilities and extensive experience. Through this MOU, the two companies plan to combine Taihan’s manufacturing expertise in power cables with NEWTECONS’ construction and engineering capabilities to strengthen competitiveness in energy infrastructure projects. They also aim to establish a stable supply system and project execution framework. Leveraging this partnership, both parties will explore joint business opportunities to meet growing local infrastructure demand and expand cooperation through technical advisory and information exchange. Vice Chairman Song Jong-min stated, “This agreement, signed during the Korean economic delegation’s visit to Vietnam, is expected to contribute to strengthening bilateral cooperation in the energy infrastructure sector and stabilizing supply chains. Our collaboration with NEWTECONS, a leading local EPC company, will serve as a significant opportunity to expand business in Vietnam’s rapidly growing energy infrastructure market.” Prior to the forum, on April 22 (local time), Taihan visited the headquarters of Vietnam Electricity (EVN) in Hanoi to discuss mid- to long-term cooperation plans. Vice Chairman Song, accompanied by the head of Taihan Vina, met with EVN CEO Nguyen Anh Tuan and other senior executives to share updates on HVDC power grid projects and the construction status of Vietnam’s first 400kV-class EHV (Extra High Voltage) cable plant. Both sides also held in-depth discussions on potential collaboration and technical exchange in the extra-high-voltage power grid sector and agreed to further expand their partnership. Taihan has designated Vietnam as its second global production hub and continues to expand investments in local manufacturing infrastructure. Taihan Vina serves as the core base, where the company is currently constructing Vietnam’s first 400kV-class EHV cable plant, scheduled for completion in 2027. Meanwhile, Vietnam is experiencing rapidly increasing demand for power infrastructure driven by fast-paced industrialization and urbanization. Electricity demand is expected to grow at an annual rate of approximately 10–12% through 2030. In particular, the expansion of transmission and distribution infrastructure and industrial complexes is driving sustained demand for high-quality power cables. 

Photo 1. Taihan and SuperNode signed an MOU for the development of next-generation superconducting cables. (From left: Taihan Vice Chairman Song Jong-min, SuperNode CEO John Fitzgerald) Photo 2. Representatives from Taihan and SuperNode pose for a commemorative photo following the MOU signing. (Front row, from left: Taihan Vice Chairman Song Jong-min, SuperNode CEO John Fitzgerald)​   Taihan Signs MOU with SuperNode to Co-Develop Next-Generation Superconducting Cables, Advancing Future Grid Technologies- Partners with the Irish cable company SuperNode to develop high-performance superconducting cables through collaboration in design, manufacturing, and materials- Achieves significant improvements in efficiency and ease of installation compared to conventional superconducting cables- Vice Chairman Song Jong-min stated, “We will lead the global superconducting cable industry through technological advancement” Taihan has established a strategic partnership with the global superconducting cable company SuperNode to co-develop next-generation superconducting cables, thereby solidifying its position as a leader in future power infrastructure solutions. On June 17 (local time), Taihan signed a Memorandum of Understanding (MOU) with the Irish cable firm SuperNode in London, UK. The signing ceremony was attended by over 20 representatives from both companies, including SuperNode CEO John Fitzgerald, CTO Andrew Carlisle, Taihan Vice Chairman Song Jong-min, and Nam Jeong-se, Executive Director of the Global Energy Division. Headquartered in Dublin, SuperNode specializes in the development of superconducting cable systems for transmission, distribution, and data center applications. The company possesses proprietary design technology that significantly enhances efficiency and simplifies installation compared to traditional superconducting cables. By adopting innovative polymer-based materials instead of conventional stainless-steel corrugated sheaths, SuperNode’s technology reduces cooling losses and extends the installation interval of cooling systems by more than five times—improving operational efficiency and reducing costs. This MOU aims to establish a collaborative framework for the joint development and production of advanced superconducting cables. Taihan and SuperNode will collaborate closely across design, manufacturing, and materials, strengthening technological competitiveness through extensive technical exchanges, including the sharing of cable technology. Additionally, the companies will explore opportunities for joint participation in global superconducting cable projects. “We are very pleased to collaborate with Taihan in preparing for the large-scale production of next-generation superconducting cables,” said SuperNode CEO John Fitzgerald. “By combining Taihan’s over 80 years of manufacturing excellence with our innovative design technology, we anticipate accelerating the commercialization of high-capacity superconducting cables that will facilitate electrification in renewable energy and data center markets.” Vice Chairman Song Jong-min stated, “Through the integration of Taihan’s cable manufacturing expertise with SuperNode’s advanced superconducting design capabilities, we are confident in our ability to enhance our global competitiveness in the superconducting sector. We will continue to lead the growth of the global superconducting cable industry through technological advancements.” Superconducting cables utilize specialized materials that demonstrate zero electrical resistance when cooled below a specific temperature, serving as an alternative to traditional copper conductors. In comparison to copper or aluminum cables, superconducting cables provide significantly enhanced power transmission efficiency. Unlike conventional cables, which necessitate higher voltages to transport large currents, superconducting cables can transmit high-capacity currents at lower voltages, establishing them as a fundamental technology for next-generation power infrastructure.​

Taihan signed an MOU with Ocean Winds to collaborate on the Offshore Wind Power ProjectOn the 27th, Taihan signed an MOU with Ocean Winds (OW), a Spanish company specializing in offshore wind power generation, to collaborate on the 1,125MW “Hanbando Offshore Wind Power Project ” in the Incheon exclusive economic zone. The two parties will leverage this agreement to amplify synergies in the Hanbando Offshore Wind Power Project and explore diverse avenues for joint growth. They agreed to cooperate in various fields, including stabilizing the supply chain of submarine cables, identifying market trends, and exchanging information related to the project. Furthermore, they plan to maintain a close partnership in the mid-to-long term, enhance personnel exchanges, and extend the scope of cooperation. This MOU was concluded during the “APAC Wind Energy Summit,” the first international offshore wind power exhibition in Korea, held in Songdo, Incheon, from November 26 to 28. 

Taihan Strengthens Partnership with Hyosung to Target the 'Next-Generation Power Market'​Taihan announced on the 22nd that it had signed a memorandum of understanding (MOU) with Global Top-Tier Hyosung Group​ for “technical cooperation in the power industry and discovery of new business models.” Taihan seeks to forge a strategic partnership with Hyosung Group through this MOU, striving to boost its competitive advantage in the power industry. The plan is to combine the core strengths of each company to jointly develop new technologies and materials while extending their reach into the global market. Taihan will jointly work on enhancing an AI-powered asset management system for power infrastructure with Hyosung Heavy Industries​. With the integration of Taihan’s partial discharge condition monitoring system and Hyosung Heavy Industries’ asset remote management system (ARMOUR plus), they are set to unveil an enhanced solution for power infrastructure management. This safety diagnostic solution enables real-time monitoring of the entire power system, including various electrical facilities and connecting cables, allowing for the early detection of abnormalities and prevention of failures. As the rising global power demand drives the growth of the asset management market focused on minimizing power infrastructure failures, various business opportunities are expected to emerge. Also Taihan will collaborate on the joint development and commercialization of eco-friendly new materials with Hyosung Chemical​. In particular, the plan involves developing eco-friendly polypropylene (PP) material, which is gaining attention as a next-generation cable insulation material, in order to achieve localization and boost their competitive edge in the global arena. With a simpler production process than traditional XLPE-insulated cables, PP cables enable effective power transmission and are considered suitable for HVDC, a key facility for efficient long-distance transmission. Being a thermoplastic resin, the PP cables are recyclable post-use and have minimal CO2 emissions during the production process, driving high demand in advanced markets like Europe, where carbon neutrality standards are stringent.

Taihanhas signed aMOU with Balfour Beatty​​Taihan Cable & Solution announced on November 24 that it has signed a memorandum of understanding(MOU) with Balfour Beatty, a global infrastructure group based in the United Kingdom, to establish a partnership in the underground power transmission and distribution business. The two companies will jointly participate in various power transmission and distribution projects in the UK totaling more than £220 million until 2030. They also plan to collaborate further in technology sharing and business support.​ 

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​