대한전선

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 Showcases Strategic Products at ELECS KOREA 2025- Booth designed around four key themes under the concept of "Technology Accelerating the Future"- Exhibition of submarine cables, HVDC cable systems, and other core solutions- Emphasis on technology leadership through an aging power grid replacement solutions and R&D achievementsTaihan participated in ELECS KOREA 2025, held from February 12 to 14 at COEX, showcasing its latest technological advancements and strategic products.Under the theme "Technology Accelerating the Future," Taihan presented innovative solutions in four key areas: offshore wind power, HVDC cable systems, aging power grid replacement solutions, and R&D achievements. The company highlighted its submarine cable technology, the nation’s only offshore wind CLV (Cable-Laying Vessel) "Palos" model, and the development of its second submarine cable plant at Dangjin Godeok Pier. The Offshore Wind Power Solutions section featured submarine cables alongside a model of the Palos, Korea’s only Cable Laying Vessel (CLV) dedicated to offshore wind power. The company also introduced its first submarine cable plant and the second plant under development at Dangjin Godeok Pier, highlighting its turnkey capabilities across the entire submarine cable value chain. Taihan also showcased HVDC cable systems, which are considered the backbone of next-generation power grids. The company presented Korea’s first 500kV LCC(Line Commutated Converter) HVDC cable system, a 525kV VSC(Voltage Source Converter) HVDC cable system (3,000SQ, 90°C operating temperature), and the 320kV VSC HVDC cable system recently secured in the U.S. In addition, the company highlighted it’s the aging power grid replacement solutions, including the Triplex cable, Traverse Guide Puller, and next-generation eco-friendly transmission technologies such as the 345kV compact cable, 500kV carbon fiber-reinforced lightweight overhead conductors, and spacer-integrated electronic transformers. 

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 participated in the APAC Wind Energy Summit 2024​Taihan participated in the APAC Wind Energy Summit 2024​, held from November 26 to 28 in Songdo, Incheon. This event, the first international wind power exhibition in Korea, provided the company an ideal platform to highlight its submarine cable turnkey solutions. At the summit, Taihan presented progress on its first submarine cable plant, now in its second stage of construction, plans for a second plant at Dangjin Godeok Pier, and unveiled “PALOS,” Korea’s only CLV for offshore wind power The company will also present its track records of submarine cables to projects both domestically and internationally since 2009, as well as its plans to develop the largest cable production cluster in Korea at the Dangjin Godae site. The company’s strategy is to gather all its domestic production facilities, including cable factories, solution factories, and Submarine Cable Plants 1 and 2, into the Dangjin Godae to achieve maximum synergy. During the exhibition, Vice Chairman Song Jong-min visited the exhibition hall with employees from the submarine business division and technology research center, interacting with representatives from global power companies to boost partnerships. 

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. 

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. 

Taihan has signed a MoU with Hanwha SolutionsOn the 26th of this month, Taihan and Hanwha Solutions entered into an MOU for the joint advancement of the “Global TOP Project.”The purpose of this MOU is to form a strategic partnership geared towards future growth engines. In a bid to emerge as the top tier of global businesses, the partners have committed to working together on product development, commercialization, acquiring certifications, and expanding their market reach. To this end, both parties are determined to provide full support through their respective core capabilities and technological expertise.Together, they will focus on the development and certification of crucial materials, including cross-linked polyethylene (XLPE) insulation used in high-voltage direct current (HVDC) and submarine cables, as well as extra-high-voltage (EHV) cables. The goal is to localize the production of materials and achieve technological independence, thereby enhancing the competitive advantage of Taihan’s cable products.In addition, the companies are set to bolster their cooperation in the eco-friendly energy sector. Through strategic alliances in the offshore wind power and solar energy sectors, they plan to foster tight-knit business and information exchanges while exploring new opportunities.Song Jong-min, Vice Chairman of Taihan, expressed confidence in the company's future prospects, stating, "By forging a strategic partnership with Hanwha Solutions, a leader in the global energy and petrochemical sectors, we anticipate significant improvements in our competitive edge across all business domains." He continued, "In response to the rapidly evolving global market, we aim to elevate national competitiveness and enhance corporate value by leveraging the exceptional technological strengths of both companies, expanding our collaborative efforts to encompass the entire group."

[Photo Caption]The inaugural ceremony of the first step of Taihan’s submarine cable plant 1Second from the left : Executive Director Kim Jun-seok of the Taihan Corporate Management Division, Executive Director Kim Min-seong of Hoban E&C, President Kim Dae-heon of the Hoban Group Planning Division, Chairman Kim Seon-kyu of Hoban Group, Vice Chairman Song Jong-min of Taihan, Union Leader Kang Jin-yeon, Executive Director Kim Hyun-joo of the Taihan Production R&D Division.  [Photo Caption] The executives attending the ceremony are inspecting the first step of submarine cable plant 1.   Taihan’s Submarine Cable Plant Goes Live, Aiming for Global Supply Leadership- First Step of Submarine Cable Plant 1 Completed in May- Hoban Group and Taihan Leadership Present at Plant Opening Ceremony- Vice Chairman Song Jong-min: “Equipped with Production and Installation Capabilities, We Will Dominate the Market as a Game Changer” Taihan Cable & Solution is positioning itself as a key global supplier in the offshore wind power industry, armed with a robust submarine cable production infrastructure. On the 4th of May, Taihan (CEO Song Jong-min), announced the completion of the first step of its submarine cable plant 1 in the Godae district of the Asan National Industrial Complex in Dangjin-si, Chungcheongnam-do. The grand opening of the plant was celebrated the day before, on the 3rd. The ceremony welcomed notable executives in attendance from both Hoban Group and Taihan, including Chairman Kim Seon-kyu of Hoban Group, Vice Chairman Song Jong-min of Taihan, President Kim Dae-heon of the Hoban Group Planning Division, Executive Director Kim Jun-seok of the Taihan Corporate Management Division, Executive Director Kim Hyun-joo of the Taihan Production R&D Division, Union Leader Kang Jin-yeon, and Executive Director Kim Min-seong of Hoban E&C, Ltd. The event featured a tour of the submarine cable production line, a ceremony to mark the commencement of operations at the plant, and several commemorative speeches. The submarine cable plant 1 of Taihan, occupying around 44,800 square meters behind Godae Pier at Pyeongtaek’s Dangjin Port, is being constructed in two phases. The first step, which focuses on producing inter array cables, was finalized and approved this May. After a series of tests and prototype productions, the plant is scheduled to begin full-scale operations starting with the production of inter array cables for the Yeonggwang Nakwol offshore wind power project. In December of last year, Taihan secured a significant contract worth around KRW 100 billion to supply inter array cables for the same project in Yeonggwang-gun, Jeollanam-do. During the inaugural ceremony, Vice Chairman Song Jong-min highlighted the strategic importance of the newly completed facilities, stating, “With the completion of the Step 1 facilities of our submarine cable plant 1, we now have the capacity to satisfy the rapidly increasing annual demand for submarine cables.” He also noted, “With the new acquisition of the CLV(Cable Laying Vessel), we are now further equipped with installation capabilities, positioning us to emerge as a game changer in the global submarine cable industry.” He further emphasized, “We will expedite the construction of the second step of the submarine cable plant 1 and submarine cable plant 2 to build a diverse product portfolio, and, based on this, we will explore and pursue global opportunities.” The second step of the submarine cable plant 1, which includes facilities for the production of export cables, is currently under construction with plans for completion by the first half of 2025. The second submarine cable plant will feature state-of-the-art vertical continuous vulcanization (VCV) facilities for the production of export cables and HVDC cables, and is currently undergoing the final stages of review for site selection.

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.​ 

​Submarine Cable Laying Vessel Charter Agreement SignedTaihan has signed a charter agreement for a submarine cable laying vessel with Haechun, a company specializing in the laying of submarine cables and construction of underwater structures. The charter period is set from July this year until October 2025, totaling 16 months, with the charter fee amounting to 51 billion won.In December last year, the company acquired a dedicated submarine cable laying vessel, aiming to expand its submarine cable installation capabilities and secure new sources of revenue.A representative from Taihan stated, "This charter agreement serves as an opportunity to demonstrate the competitiveness of our vessel and the potential for new business expansion. By enhancing our submarine cable products and production capabilities and expanding the operational capacity of our laying vessels, we aim to emerge as a total solution provider in the submarine cable sector."