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Order Backlog Status for the Past 5 YearsTaihan Surpasses KRW 3 Trillion in Order Backlog for the First Time, Achieving All-Time High Performance- Order Backlog Reaches KRW 3.25 Trillion as of End of August, a 3.5-Fold Increase Over Five Years with a Compound Annual Growth Rate​ of 30%- Secured New Orders of KRW 510 Billion in August Alone from Projects Including Anma Offshore Wind, Singapore, and Qatar- Accelerating Global Power Infrastructure Market Penetration by Strengthening Competitiveness in Submarine and HVDC Cables Taihan is demonstrating robust growth, recording its highest-ever order backlog. The company announced that its order backlog reached KRW 3.25 trillion as of the end of August, marking the first time it has exceeded the KRW 3 trillion threshold and setting a new all-time record. This represents a substantial 3.5-fold increase from KRW 945.5 billion at the end of 2020, just before its acquisition by the Hoban Group, with a compound annual growth rate (CAGR) of over 30% during this period. This backlog figure exclusively tracks long-term, high-profit project-based orders, primarily consisting of extra-high-voltage power grids. It does not include sales from its materials business (such as processed copper wire), communication cables, or domestic private sector sales. In August alone, Taihan secured over KRW 510 billion in new orders, which significantly contributed to the backlog expansion. These key projects include: the Anma Offshore Wind Submarine Cable Project (KRW 181.6 billion), the Singapore 400kV Extra-High-Voltage Power Grid Project (KRW 110 billion), and the Qatar Extra-High-Voltage Power Grid Project (KRW 220 billion). All these are large-scale projects to build submarine and extra-high-voltage underground cables in both domestic and international markets, to be executed on a full turnkey basis, covering everything from cable production and connection to construction and testing. Taihan attributes the order expansion to its extensive experience in executing projects and its turnkey capabilities in key global markets. For example, in Singapore, Taihan has secured five consecutive 400kV turnkey projects, leading to a number one market share in the 400kV and higher voltage sector. Similarly, in Qatar, the company has strengthened its position as a key supplier by successfully completing numerous projects over several decades. Moving forward, Taihan plans to secure sustained growth by strengthening its competitiveness in the submarine and HVDC cable sectors. To this end, the company has confirmed its investment in a second submarine cable factory capable of producing 640kV HVDC submarine cables. Additionally, by acquiring Ocean C&I, a specialized submarine cable construction firm, Taihan has secured the capability to provide a full value chain, from production and transport to installation and maintenance. A Taihan official stated, “We have achieved our highest-ever order backlog by proving our technological and execution capabilities in extra-high-voltage power grids and submarine cables, both domestically and internationally. We will continue to advance our business capabilities in submarine and HVDC cables to play a pivotal role in next-generation power infrastructure projects, including the 'West Coast Energy Superhighway' initiative.” ◎ Order Backlog Status for the Past 5 Years​                                        (Unit: KRW 100 million)​   2020 2021 202222023 2024 Aug. 2025 CAGR Order Backlog​ 9,455 10,655 15,100 17,359 28,181 32,500 30.3%   

Photo. Taihan is carrying out a 400kV turnkey project in Singapore   Taihan Secures KRW 110 Billion Extra-High Voltage Turnkey Project in Singapore- Sole Korean company supplying Singapore’s highest voltage 400kV power grid- Part of a cross-border power interconnection project linking Indonesia and Singapore- Achieves fifth consecutive 400kV turnkey contract, maintaining No.1 market share in the segment Taihan has further demonstrated global competitiveness by securing an additional Extra-High Voltage (EHV) power grid project in Singapore. On August 5, Taihan announced via regulatory filing that it signed a contract with Singapore’s SP PowerAssets Limited for the supply and installation of a 400kV underground power transmission system. The contract is valued at approximately KRW 110 billion. This project is part of a cross-border power interconnection initiative to transmit renewable energy generated in Indonesia to Singapore. It supports Singapore’s growing electricity demand driven by the expansion of data centers and AI infrastructure. Under a full turnkey contract, Taihan will construct a 400kV-class underground power grid to deliver power to a substation located on West Jurong Island, Singapore. A full turnkey contract encompasses all project stages—from design and manufacturing to laying, jointing, connection, and testing—and involves a rigorous evaluation of quality, technical reliability, and engineering capabilities. Notably, 400kV is the highest voltage level currently operated in Singapore, requiring vendors to meet technological standards equivalent to those for 500kV systems. Leveraging its proven track record in supplying 500kV power grids in the United States and other regions, Taihan remains the only Korean cable manufacturer capable of delivering 400kV turnkey solutions in Singapore. Including this latest contract, the company has secured five consecutive 400kV turnkey projects, establishing itself as the market leader in Singapore’s 400kV and above segment. A company spokesperson stated, “This contract once again affirms our unrivaled competitiveness in Singapore’s Extra-high voltage power grid market. Having positioned ourselves as a key local supplier, we plan to accelerate market expansion of high-value products based on advanced technologies such as HVDC cable systems and submarine cables.” Last year, Taihan also secured new orders worth approximately KRW 800 billion from SP PowerAssets Limited for 230kV and 400kV Extra-high voltage turnkey projects. As of the end of the first half of this year, the company’s order backlog reached a record KRW 2.9 trillion, continuing strong momentum in both domestic and international markets. 

Taihan Secures a Landmark 230kV Extra-High Voltage Power Grid Project in SingaporeOn December​ 11, Taihan signed a contract with Singapore's SP PowerAssets Limited for a 230kV Extra-high voltage power grid supply project. With a total value of KRW 140 billion, this large-scale project marks a significant achievement for the company. As a full turnkey project, Taihan will oversee the entire process, including the production, installation, connection, and testing of 230kV OF (Oil-Filled) cables and related cable accessories. Beyond this milestone, Taihan secured additional orders totaling KRW 220 billion in the United States and Sweden in November and December. These successive wins across the U.S., Europe, and Asia highlight the company’s global competitiveness and leadership in the cable industry. OF (Oil-Filled) cables are recognized as high-value-added products due to their exceptional electrical performance and reliability. These cables utilize insulation oil to form a robust insulating layer, but their complex production process and stringent maintenance requirements mean that only a select few companies worldwide can manufacture them. Taihan, having developed and commercialized OF extra-high voltage cables for the first time in Korea in the 1970s, has maintained its position as a leader in the extra-high voltage market.​ 

Taihan clinches an KRW 840 Billion deal in Singapore! “Breaking new ground in extra-high voltage export records”- An all-time high in contract volume, representing 30% of the company’s total revenue from the previous year.- Concurrently awarded two full-turnkey projects operating at the highest local voltage of 400kV.- Vice Chairman Song Jong-min stated, “We will continue to promote the excellence and competitiveness of Korean cable technology.” In a move that reinforces its competitive standing in the international market, Taihan Cable & Solution has shattered the record for extra-high voltage (EHV) power grid contracts.    Taihan (CEO Song Jong-Min) revealed through a public announcement on the 4th that it had finalized two contracts with SP PowerAssets Limited for the supply and installation of a 400kV EHV power grid, with a total value of KRW 840 billion. This figure accounts for around 30% of the company’s consolidated sales for 2023, which amounted to KRW 2.844 trillion. The NDC373 project, one of the two contracts, amounts to approximately KRW 500 billion, making it the largest export of extra-high voltage AC transmission networks in the nation's history. This marks the most sizable project that Taihan has ever acquired, whether within the country or overseas.  This endeavor is a key project that SP PowerAssets has meticulously prepared over a long period to effectively address the burgeoning electricity demand stemming from the surging demand of AI and data centers. This grand-scale project entails the construction of a 400kV extra-high voltage underground power grid, the highest voltage in use locally, throughout Singapore, with Taihan undertaking the entire process, from design to production, laying, connection, and testing, in a full turn-key manner. Due to the critical importance of stability in a 400kV full turn-key project, rigorous evaluation encompassing quality, technical prowess, engineering proficiency, and project management capabilities is carried out when selecting the contractor. In particular, the high construction difficulty of this project, which includes tunnel sections, required comprehensive and thorough evaluation, and Taihan was selected as a qualified contractor amidst competition with renowned global firms. Song Jong-Min, Vice Chairman, remarked, “Winning this landmark project in Singapore, a market known for its stringent technical and quality verification requirements, serves as a testament to Taihan’s all-encompassing competitiv advantage in technology, quality, and service,” and further affirmed, “We will continue to play a pivotal role in enhancing the national competitiveness by widely promoting the excellence of Korean cable technology and products in key markets across the United States, Europe, and Asia.” Taihan, having successfully completed the 400kV projects conducted in Singapore in both 2016 and 2022, has now achieved a remarkable feat with the signing of this contract, making it the only company in Korea to have participated in every 400kV full-turnkey project carried out in Singapore.