Taihan Electric Wire

What Taihan Electric Wire does

Taihan Cable & Solution Co., Ltd. (KRX:001440), branded internationally as Taihan Electric Wire, is a South Korean manufacturer of extra-high voltage (EHV) power cables, HVDC cable systems, submarine cables, and communication cables. Founded in 1955 (incorporated 1962) and headquartered in Seoul/Anyang, the company supplies 132kV through 525kV XLPE and oil-filled cables for utility transmission, plus 500kV current-source and 525kV voltage-source HVDC systems certified by KEMA — the latter being the highest commercially available HVDC voltage class globally. Its product portfolio also covers MV/LV distribution cables, industrial specialty cables, busducts, ACCC/ACAC high-capacity overhead conductors, submarine cables (up to 640kV HVDC-rated in development), solar and offshore wind cables, and copper and fiber-optic communication cabling, with copper rod and wire produced in-house as base material.

The company's competitive position is built on three technical differentiators: (1) certified 500kV/525kV HVDC technology (first in Korea, second globally for 500kV), (2) proprietary small-diameter insulated conductor technology delivering ~20% higher transmission capacity, and (3) vertically integrated submarine cable manufacturing with in-house installation capability through the Dangjin submarine cable plant (Plant 1 operational, Plant 2 under construction for 640kV HVDC) and dedicated cable-laying vessels PALOS and Skandi Connector. Manufacturing is anchored in Korea, with overseas plants in Vietnam (Taihan Cable Vina, including a 400kV UHV plant under construction), South Africa (M-TEC), and Kuwait (joint venture), supported by sales offices in the US, UK, Netherlands, Denmark, Sweden, and Germany. The company holds ISO 9001/14001/45001, UL, KS, and ESG A-grade certifications and carries an AAA credit rating from Korea's three major rating agencies.

Commercially, Taihan operates a turnkey project model — design, supply, installation, connection, and testing — sold through competitive bidding to national and state-owned utilities and large renewable developers. Named customers include SP PowerAssets (Singapore), National Grid (UK), Transgrid (Australia), TenneT (Germany), Energinet (Denmark), KEPCO (Korea), the Kuwait Public Authority for Housing Welfare, PSEG and PG&E (US), and Anma Offshore Wind (Korea). Pricing is project-based and not publicly disclosed, with individual contracts ranging from ~KRW 45 billion to over KRW 140 billion and cumulative Singapore wins exceeding KRW 1 trillion over two years. Taihan became a subsidiary of Hoban Group in 2021 and, following the 2023 leadership transition, is now led by Vice Chairman Song Jong-min.

Name

Taihan Electric Wire

Legal name

Taihan Cable & Solution Co., Ltd.

Website

https://taihan.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Taihan Cable & Solution is a South Korean manufacturer of extra-high voltage (400kV-525kV) power cables, certified HVDC cable systems, and submarine cables, supplying turnkey grid solutions to government utilities, offshore wind developers, and data-center power projects across more than 100 countries.

Ownership category

akta.pro rank

Product category

Power Cable Manufacturing

NAICS

Communication and Energy Wire and Cable Manufacturing (33592), Fiber Optic Cable Manufacturing (335921), Power and Communication Line and Related Structures Construction (237130), Other Communication and Energy Wire Manufacturing (335929)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric Lighting & Wiring Equipment (3640)

akta.pro primary industry

Power Cables & Conductors (LV/MV cables, flexible cables, bus wire, armored cable) (IMAGAEAC)

akta.pro secondary industries

Industrial Power Cable (MV/HV) (IMADAMAB), HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB), Underground Power Cables (MV/HV/EHV, XLPE, PILC, subsea/land) (EUADADAB), Underground & Submarine Cable EPC (HV/EHV) (EUAEABAB)

Keywords

• Power cable manufacturing
• High voltage transmission cables
• Submarine cable systems
• HVDC cable technology
• Telecommunication cables

Headquarters

HQ city

Seocho

HQ country

South Korea

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Power Cable Product Sales: Manufacture and sale of power cables including EHV (400kV-500kV), HV, and MV/LV cables for transmission and distribution applications. Products supplied to utilities and infrastructure projects globally.
2. Turnkey Project Services: Full turnkey contracts encompassing design, cable supply, installation, connection, and testing services. Projects like Singapore 400kV grid (140 billion won) and UK contracts involve comprehensive project execution from engineering through commissioning.
3. Submarine/Subsea Cable Systems: Specialized submarine cable manufacturing and installation for offshore wind farms, inter-island connections, and marine power transmission. Includes dedicated cable-laying vessels (PALOS, Skandi Connector) for offshore installation.
4. HVDC Cable Systems: High voltage direct current (HVDC) cable systems for long-distance power transmission and renewable energy integration. Growing segment driven by offshore wind and inter-regional grid connections.
5. Communication Cables: Copper and fiber optic communication cables for telecommunications infrastructure, including OPGW (Optical Ground Wire), FTTH solutions, and specialty cables for railways and industrial applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Taihan Electric Wire manufactures and supplies power, renewable energy, and communication cables — including extra-high voltage XLPE cables (300kV–500kV), HVDC cable systems, submarine cables up to 640kV, MV/LV distribution cables, fiber optic and copper telecom cables, and overhead conductors — alongside turnkey project services covering design, supply, installation, and testing for utilities and infrastructure developers in 100+ countries.

Product overview

Taihan Cable & Solution (대한전선) operates as a comprehensive power and communication cable solutions provider, organized around four core product pillars: (1) Power Cables — covering transmission (EHV/XLPE/Oil-Filled, 132kV–500kV), distribution (MV/LV), industrial specialties (control/instrumentation, fire-retardant, crane, heating), and busducts; (2) Renewable Energy Cables — including submarine cables (up to 640kV HVDC), solar cables, and wind farm cables; (3) Communication Cables — encompassing copper telecom cables (UTP, STP, coaxial), fiber optic cables, and RF wireless solutions; and (4) Base Metals — copper rod, wire, and magnet wire for internal cable production. Beyond cable products, the portfolio includes turnkey project services (design, supply, installation, testing) and submarine cable installation via the CLV PALOS vessel. The company has strategic focus on HVDC cable systems (500kV current-type, 525kV voltage-type) for offshore wind, supergrids, and long-distance transmission. Production is anchored at the Dangjin facility (Korea), with the second submarine cable plant under construction (640kV HVDC capable, targeted 2027), and overseas manufacturing in Vietnam (Taihan Cable Vina), Kuwait (Taihan Kuwait), and South Africa (M-TEC).

Differentiator

Problem solved

Functional benefit

Products and services

• Extra-High Voltage XLPE Cable (초고압 XLPE 케이블) XLPE-insulated extra-high voltage power cables for long-distance power transmission, available in 300kV to 500kV classes, used in underground and tunnel installations for grid modernization projects. Targeted at national/state utilities and transmission system operators.
• Extra-High Voltage Oil-Filled Cable (초고압 OF 케이블)
• MV/LV Power Distribution Cable (배전용 MV/LV 케이블)
• Industrial Special Cables (산업용 특수 케이블)
• Busduct (버스덕트)
• Submarine Cable (해저케이블)
• Solar Power Cable (태양광 케이블)
• Copper Communication Cable (동 통신케이블)
• Fiber Optic Cable (광케이블)
• Copper Rod & Wire (동 로드 및 전선)
• ACCC/ACCC-TW High-Capacity Conductor (증용량 가공선)
• AL Conductor (Aluminum Conductor)
• RF Coaxial Cable (RF 동축 케이블)
• HVDC Cable System (HVDC 케이블 시스템) High Voltage Direct Current (HVDC) cable systems for long-distance bulk power transmission, offshore wind interconnection, and cross-border grid links. Includes 500kV current-type, 525kV voltage-type, and up to 640kV-rated submarine HVDC cables. Supplied to transmission system operators and renewable energy developers.
• 400kV and 230kV EHV Power Grid Systems (Turnkey)
• CLV PALOS Submarine Cable Installation Service Cable laying vessel (CLV) PALOS provides submarine cable installation services for offshore wind farms and cross-border power interconnections, with DP2 dynamic positioning and hybrid anchoring capabilities. Supplied to offshore wind developers and TSOs as part of integrated cable-to-installation packages via Taihan Ocean Works subsidiary.

Quantifiable outcome

• Singapore 400kV+ market share leader with 75%+ of projects
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Riyadh Cables Group: Saudi Arabia's largest cable manufacturer with strong MENA footprint and growing EHV capabilities — competes with Taihan in Middle East/Kuwait utility tenders where both companies pursue government-backed power infrastructure projects.
• Elsewedy Electric: Egyptian-headquartered cable and electrical equipment manufacturer with strong MENA presence — competes with Taihan for Middle Eastern utility cable projects, particularly in GCC countries including Kuwait and Saudi Arabia.

Broad incumbents

• Sumitomo Electric Industries: Japanese cable and power systems manufacturer; was the first globally to KEMA-certify 500kV XLPE HVDC — Taihan was second. Competes with Taihan in Asian and Middle East HVDC tenders and broader power transmission cable projects.
• Nexans: French-headquartered global cable manufacturer with strong EHV, HVDC, and submarine cable franchises — competes with Taihan in European offshore wind and HVDC interconnect projects and supplies many of the same national utilities.
• Furukawa Electric: Japanese specialty cable and wire manufacturer with significant EHV power cable and submarine cable capabilities — competes with Taihan in Asian utility tenders and offers comparable XLPE and OF cable technologies.
• Hengtong Optic-Electric: One of China's largest cable manufacturers with growing presence in submarine and EHV power cables — competes with Taihan in Southeast Asia, Middle East, and increasingly in Africa utility cable tenders.
• Prysmian Group: Global cable industry leader and the largest HVDC and submarine cable manufacturer worldwide — competes with Taihan on marquee European, Middle Eastern, and Asia-Pacific turnkey grid projects, including offshore wind export cable tenders.

Direct peers

• LS Cable & System: Korea's largest cable manufacturer and Taihan's primary domestic rival across EHV power cables, HVDC systems, and submarine cables — directly overlapping on product, customers, and the very submarine cable technology underlying the ongoing IP dispute.
• NKT A/S: Denmark-based cable manufacturer specializing in EHV and HVDC power cables and the leading European offshore wind cable supplier — competes with Taihan for offshore wind export and array cable contracts and HVDC interconnection tenders.

Emerging players

• ZTT Group: Chinese cable and fiber optic manufacturer expanding internationally with submarine cable capabilities — overlaps with Taihan in Southeast Asia, Middle East, and African utility tenders, often competing on price.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/taihan-electric-wire-co

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Taihan Electric Wire