Targeting the Global Market for Strategic Products Such as Submarine Cables

Na Hyung-gyun, President of Korea Electric Wire, is explaining the products to customers at France's 'CIGRE 2022' (second from the right).

Na Hyung-gyun, President of Korea Electric Wire, is explaining the products to customers at France's 'CIGRE 2022' (second from the right).

View original image


[Asia Economy Reporter Park Sun-mi] Korea Electric Wire Corporation is targeting global sales of strategic products such as submarine cables by participating in the world's most prestigious international event in the power sector, 'CIGRE (International Council on Large Electric Systems, Sigre) 2022.'


On the 30th, Korea Electric Wire announced that it will participate in 'Sigre 2022,' held in Paris, France, until the 2nd of next month, showcasing achievements in ultra-high voltage projects and strategic products. Sigre is the largest international organization in the power transmission and distribution field, with over 100 member countries, more than 1,200 institutions (companies, universities, research organizations, etc.), and over 15,000 experts worldwide. This year's exhibition was held for the first time in four years due to COVID-19.


At this exhibition, Korea Electric Wire will showcase a range of ultra-high voltage cables of various voltages, including 500kV, submarine cables, and HVDC (High Voltage Direct Current) as its main and strategic products. The 500kV ultra-high voltage cable is the highest voltage underground cable currently commercialized, and Korea Electric Wire holds the record for the first commercialization in Korea as well as the first record in the North American region.


The event was attended by many personnel, including President Na Hyung-gyun, R&D staff from the Technology Research Institute, and sales and marketing personnel from European subsidiaries and branches. As this is a venue for information exchange where the power energy industry and academia gather, the company plans to leverage its technological capabilities and sales power to secure networks and expand the market. President Na was also invited to the CEO forum, where he met CEOs of over 100 global companies to exchange opinions on global energy trends and the medium- to long-term directions of companies.



President Na stated, “Since being incorporated into the Hoban Group, Korea Electric Wire has continued efforts to strengthen global competitiveness based on a stable governance structure. We plan to continuously secure growth engines by expanding the market for ultra-high voltage cable systems already recognized globally and entering markets for strategic products such as submarine cables and HVDC.”


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing