Taihan Cable Marks 85th Anniversary: "Aiming to Lead the Global Market for the Next 100 Years"

"Thanks to the Efforts and Dedication of Employees"

Emphasizing the Importance of Power Infrastructure

Developing Leading Technologies for the Future Power Grid

Taihan Cable marked its 85th anniversary by reflecting on its past achievements and presenting its future vision.

On March 18, Jongmin Song, Vice Chairman and CEO of Taihan Cable, delivered a commemorative address to employees to mark the company's 85th anniversary. He emphasized that Taihan Cable has played a leading role in the development of Korea's cable industry since its inception. Song stated, "Founded in 1941 as the nation's first cable company, we have built the foundation of Korea's electric power industry by connecting cities and factories, as well as oceans and continents." He further added, "The technologies and products developed by Taihan Cable have led the advancement of both the domestic and global cable industries, setting the standards for the sector."

He went on to express his gratitude, highlighting the dedication of all employees as the driving force behind the company's 85 years of growth. Song acknowledged that it was the efforts and commitment of employees, who represented Taihan Cable across the world, that enabled the company to maintain its name and reputation across generations.

Jongmin Song, Vice Chairman and CEO of Taihan Cable. Taihan Cable.

He especially noted that this year marks the fifth anniversary of the partnership with Hoban Group, evaluating that Taihan Cable has solidified its foundation and transformed its structure within Hoban Group, thereby proving its potential and capabilities.

Indeed, since joining Hoban Group in 2021, Taihan Cable has continued its growth trajectory, supported by a stable management environment. The compound annual growth rate (CAGR) for both revenue and operating profit reached 16.2% and 34.4%, respectively, demonstrating simultaneous growth in scale and profitability. To respond to the expanding submarine and high-voltage direct current (HVDC) transmission businesses, the company has enhanced its production and installation capabilities for submarine cables, while also making ongoing investments to upgrade production facilities at its overseas subsidiaries in locations such as South Africa and Vietnam.

Song also emphasized the importance of power infrastructure. He said, "The cable industry is no longer just about manufacturing; it is now a core infrastructure business that connects countries and continents, and its role and responsibility are growing." He encouraged employees by saying, "Now is the right time to look beyond our 85-year history and prepare for the next 100 years."

He particularly urged employees to further refine and systematically enhance the competitiveness of the company's businesses and products that have established strong trust in the global market, in order to deepen differentiation. He also highlighted the importance of technology development to lead the future power grid industry. He stated that technology development should be pursued with a long-term perspective, looking 10 or 20 years ahead, and that by preparing in advance rather than merely following the times, the company can become a key driver of industrial transformation.

Song concluded, "The 85-year history of Taihan Cable is not merely a record of the past, but a foundation for preparing for the future," and urged all employees to unite their capabilities so that Taihan Cable and Hoban Group can together write a new chapter for the next 100 years.

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