Hoban Group Announces Acquisition of Daehan Electric Wire... "Will Generously Support to Become Market Leader"

[Asia Economy Reporter Woo Su-yeon] Hoban Group officially announced the acquisition of Daehan Cable and pledged unwavering support to become a powerhouse in the cable, energy, and power sectors.

On the 25th, Daehan Cable held an event at the Hoban Park 2 Hall auditorium in Umyeon-dong, Seocho-gu, Seoul, to announce that it had become a part of Hoban Group and to unveil a new future. The event was titled 'New TAIHAN in HOBAN,' reflecting the determination to create a completely new future within Hoban Group.

To prevent the spread of COVID-19, only a limited number of stakeholders attended the event. Attendees included Kim Sang-yeol, Chairman of the Hoban Scholarship Foundation; Woo Hyun-hee, Chairman of the Taeseong Cultural Foundation; Kim Seon-gyu, Chairman of Hoban Group; Kim Jin-won, President of Hoban Industries; and Na Hyung-gyun, President of Daehan Cable. Employees both domestic and overseas, as well as executives and staff of overseas subsidiaries and branches who could not attend, watched the event via live online streaming.

Commemorative event for Hoban Group's acquisition of Daehan Electric Wire (from the second person on the left: Kim Seon-gyu, Chairman of Hoban Group; Kim Sang-yeol, Chairman of Hoban Scholarship Foundation; Woo Hyun-hee, Chairman of Taeseong Cultural Foundation; Na Hyung-gyun, President of Daehan Electric Wire) / Photo by Daehan Electric Wire

The first part of the event celebrated the completion of the acquisition with congratulatory videos from global clients and related industries, along with a ceremony to hand over the Daehan Cable company flag, signaling the successful conclusion of the acquisition. The second part featured a greeting from Kim Seon-gyu, Chairman of Hoban Group, and a presentation by Na Hyung-gyun, President of Daehan Cable, outlining the new future.

Chairman Kim said, "We are pleased and welcome that Daehan Cable, which has a history of over half a century in South Korea's power sector, has become one family with Hoban. We will spare no support and backing to help Daehan Cable rise as a leader in the cable, energy, and power fields alongside Hoban Group."

President Na stated, "While promoting growth in our core cable business through expanded R&D, facility investment, and production localization, we will also continuously strive to strengthen competitiveness in related industries such as offshore wind power, renewable energy, electric vehicles, and optical communications. Leveraging Daehan Cable’s technological capabilities and overseas networks, we will open a completely new future as a total solution company in the energy and power industries," he added.

This content was produced with the assistance of AI translation services.