Construction Begins This Month, Operations Targeted by 2027
Securing Production Capacity for 640kV Submarine HVDC Cables
Full-Scale Preparation for the "West Coast Energy Expressway"
Expansion Expected in Domestic and Global Project Participation

On September 25, Daehan Electric Wire announced that it held a groundbreaking ceremony for the Dangjin Submarine Cable Plant 2 (Submarine Plant 2) at the Gode District of the Asan National Industrial Complex in Dangjin, South Chungcheong Province. The company stated that this marks the official starting point for its investments aimed at advancing energy infrastructure.


Key stakeholders participating in the groundbreaking ceremony of the Daehan Electric Wire Dangjin Submarine Cable Plant 2 are performing the ceremony. Photo by Daehan Electric Wire

Key stakeholders participating in the groundbreaking ceremony of the Daehan Electric Wire Dangjin Submarine Cable Plant 2 are performing the ceremony. Photo by Daehan Electric Wire

View original image

Submarine Plant 2 will be capable of producing 640kV-class high-voltage direct current (HVDC) and 400kV-class high-voltage alternating current (HVAC) submarine cables. Construction begins this month, with the goal of starting operations within 2027.


At the groundbreaking ceremony, approximately 350 participants attended, including Kim Taeheum, Governor of South Chungcheong Province; Uh Kigoo, National Assembly member; Oh Sunghwan, Mayor of Dangjin; Seo Younghoon, Chairman of Dangjin City Council; as well as key figures from Korea Electric Power Corporation, power generation companies, associations, government and local officials, and leaders in the energy industry. Domestic and international clients and partners, such as the United Kingdom's National Grid, were also present.


In addition, major executives from Hoban Group attended the event, including Kim Sangyeol, founder of Hoban Group; Kim Sunkyu, Chairman of Hoban Group; Song Jongmin, Vice Chairman of Daehan Electric Wire; Park Cheolhee, President of Hoban Construction; Kim Daeheon, Chief Planning Officer of Hoban Group; and Kim Minseong, Director of Planning and Management at Hoban Group.


Under the slogan "From the West Sea to the World," the event highlighted the vision of establishing Submarine Plant 2 as the starting point of the West Coast Energy Expressway and as a key hub in the global submarine cable market. Daehan Electric Wire aims to contribute to stabilizing the domestic HVDC submarine cable supply chain through Submarine Plant 2, while also enhancing national competitiveness by expanding participation in domestic and international projects.


The ceremony began with a written message from Minister of Trade, Industry and Energy Kim Jeonggwan, followed by congratulatory remarks from key figures, a thank-you address by Vice Chairman Song Jongmin, a vision video presentation and ceremony, a tour of the Submarine Plant 1 production line, and a commemorative tree planting.


In his written message, Minister Kim stated, "This is a meaningful moment as Daehan Electric Wire, the nation's first wire company, now possesses advanced submarine HVDC cable production capabilities. The groundbreaking of Submarine Plant 2 will also actively contribute to completing the national agenda of the Energy Expressway." Governor Kim expressed, "I am grateful for Daehan Electric Wire's contribution to job creation and economic development in Dangjin, South Chungcheong Province, and I hope this investment will help our province become a hub for the global power and energy industry."


Vice Chairman Song Jongmin emphasized in his thank-you address, "Offshore wind power and HVDC submarine cables are strategic industries directly linked to national industrial competitiveness and energy security. Through Submarine Plant 2, we will contribute to building the national energy infrastructure and advancing the renewable energy industry, while also laying the foundation to lead the global market."



Submarine Plant 2 will be constructed adjacent to Submarine Plant 1 on a site with a total floor area of approximately 215,000 square meters (65,000 pyeong, equivalent to 30 soccer fields). Equipped with cutting-edge facilities such as a 180-meter-high vertical continuous vulcanization (VCV) system, which is a core facility for high-voltage cable production, Submarine Plant 2 is expected to achieve more than five times the production capacity of Submarine Plant 1.


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