Groundbreaking for Korea's Largest Submarine Cable Factory in Dangjin, Chungnam... Boost to Regional Economy Expected

Daehan Electric Wire to Invest 1 Trillion Won and Create 500 Jobs
Emerging as a Hub for Renewable Energy Transition

Governor Kim Taeheum of Chungnam is delivering a greeting at the groundbreaking ceremony of the second plant for Daehan Electric Wire's submarine cable at the Godeok District of Dangjin Asan National Industrial Complex on the 25th. / Chungnam Province

Dangjin, Chungnam Province, is set to emerge as a key hub for the domestic submarine cable industry.

On the 25th, Chungnam Province held a groundbreaking ceremony for the second submarine cable factory of Daehan Electric Wire at the Godeok District of the Dangjin Asan National Industrial Complex.

The event was attended by Kim Taeheum, Governor of Chungnam Province, Kim Sangyeol, Chairman of Hoban Group, Song Jongmin, CEO of Daehan Electric Wire, and approximately 350 others.

The second factory will be built on a site of 214,713 square meters, with an investment of 1 trillion won by 2027. It will produce high-voltage direct current (HVDC) submarine cables and external network cables for offshore wind power generation. The facility will feature a world-class vertical continuous vulcanization (VCV) tower and state-of-the-art equipment.

The province expects that, upon completion, the factory will create 500 new jobs and generate a synergistic effect through collaboration with local construction companies and businesses, thereby revitalizing the regional economy.

In addition, by responding to the surge in cable demand driven by the expansion of offshore wind power, it is expected to contribute to the national energy transition and the realization of carbon neutrality.

The first submarine cable factory in Dangjin, completed in June, is already in operation, supplying products for the offshore wind power project in Jeonnam Province.

Governor Kim Taeheum stated, "Daehan Electric Wire is the pride of the Korean wire industry, having developed Dangjin into the center of the global wire industry," and added, "I hope the second factory will become a new growth engine driving the regional economy."

Daehan Electric Wire currently operates a cable factory, a solutions factory, and the first submarine cable factory in Dangjin. The company also has overseas production subsidiaries and sales networks, targeting the global market.

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