Hyosung Heavy Industries Holds 'Technology Innovation Forum' in Line with Government's 'Energy Superhighway' Policy

Over 100 Power Industry Stakeholders Gather
Exchanging Technology and Industry Insights, Discussing Future Prospects
CEO Tae-Hee Woo: "We Will Continue Technological Innovation and Investment"

Hyosung Heavy Industries has embarked on a strategic collaboration in line with the government's "Energy Superhighway" policy, leveraging its proprietary ultra-high voltage direct current (HVDC) technology, which is the only one of its kind in Korea.

On September 4, Hyosung Heavy Industries held a "Technology Innovation Forum" at the Federation of Korean Industries (FKI) Tower in Yeouido, Seoul, where it discussed power grid innovation and industry prospects with more than 100 stakeholders from the power sector. Since 2011, this event has served as an internal platform for technology exchange, but this year, in accordance with government policy, the company expanded participation to include external experts from across the industry, such as Korea Electric Power Corporation, Korea Power Exchange, Korea Institute of Energy Technology Evaluation and Planning, and Korea Electrotechnology Research Institute.

On the 4th, power industry experts attended the Hyosung Heavy Industries Technology Innovation Forum held at the FKI Tower in Yeouido, Seoul, and took a commemorative photo. Ki-Young Kwon, Executive Director of Hyosung Heavy Industries (front row, left), Won-Yong Lee, Energy Officer of the Ministry of Trade, Industry and Energy R&D Strategy Planning Group, Takeshi Yokota, Head of the Power Business Division at Hyosung Heavy Industries, Chul Jung, President of the Korea Economic Research Institute at the Federation of Korean Industries, Tae-Hee Woo, CEO of Hyosung Heavy Industries, Seung-Jae Lee, President of the Korea Energy Technology Evaluation Institute, Seok-Joo Kim, Vice President of the Korea Electrotechnology Research Institute, Eun-Bo Shim, Director of the Korea Electric Power Corporation Power Research Institute, Jae-Won Jang, Vice Chairman of the Korea Smart Grid Association, and Jong-Bae Park, Professor at Konkuk University. Hyosung Heavy Industries

The forum addressed a variety of topics related to energy transition and power grid innovation. Won-Yong Lee, Energy Officer of the Industrial, Trade and Energy R&D Strategic Planning Group, presented policy directions that included the integration of artificial intelligence (AI)-based technologies, emphasizing the importance of technological convergence. Professor Jong-Bae Park of Konkuk University followed, speaking on "Energy Superhighway and HVDC Promotion Strategies," and stated that "the power grid must be newly designed in response to changes in government policy." Eun-Bo Shim, Director of the Korea Electric Power Corporation Power Research Institute, discussed strategies for digitalizing the power system and securing flexibility, while Hong-Seok Choi, Director at Korea Power Exchange, proposed grid operation plans focused on renewable energy.

Tae-Hee Woo, CEO of Hyosung Heavy Industries, said, "With power demand surging and an urgent need to respond to the expansion of renewable energy, Hyosung Heavy Industries will take the lead in building the government's 'Energy Superhighway' through continuous technological innovation and investment."

Hyosung Heavy Industries began HVDC technology development in 2017 as a national project and, last year, independently developed Korea's first 200MW-class voltage source HVDC, completing the installation of conversion facilities at a substation in Yangju, Gyeonggi Province. In addition, the company provides comprehensive solutions, including transformers, circuit breakers, static synchronous compensators (STATCOM), energy storage systems (ESS), and an AI-based power asset management system called ARMOUR.

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