Taihan Cable Names Kim Junseok New CEO... "Accelerates Push to Strengthen HVDC, Submarine Cable Businesses"
Held Board Meeting on October 21
Previously Led Hoban Group’s Acquisition of Taihan Cable
Taihan Cable said it held a board meeting on October 21 and appointed President Kim Junseok as its new CEO, aiming to strengthen its global business competitiveness and accelerate sustainable growth.
Kim graduated from Seoul National University’s Department of Nuclear Engineering and joined Hoban Group in 2010 after working at Korea Hydro & Nuclear Power. In 2021, he personally led the practical work involved in Hoban Group’s acquisition of Taihan Cable. After serving as head of management at Taihan Cable from 2023, he went on to serve as executive vice president overseeing management, leading efforts to improve business performance, restructure the business portfolio, and expand investment.
Drawing on Kim’s deep understanding of the company’s business and overall management, Taihan Cable plans to strengthen the competitiveness of its existing businesses and develop concrete strategies for future growth. In particular, the company plans to expand its business base in the United States and Europe, where market opportunities are growing amid the global energy transition and increased investment in power grids. It will also focus its capabilities on boosting the competitiveness of next-generation businesses, including high-voltage direct current (HVDC) transmission and submarine cables. The company will also work to strengthen its technological and production capabilities and improve management efficiency so that existing investments and business capabilities translate into tangible results.
In his inaugural address, delivered through the company’s internal groupware without a separate inauguration ceremony, Kim urged employees to build on Taihan Cable’s long-accumulated technology and experience, as well as the trust it has earned from customers, to take the company to the next level. “The efforts of each member of the company, including improving technology and quality and enhancing cost competitiveness, drive the company’s growth,” he said. “We will quickly identify changes in the market and among customers, and strengthen our corporate value by securing tangible competitiveness through strategic choices and focused investment in our businesses.”
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A Taihan Cable representative said, “Kim is an executive who has been part of the company’s growth and transformation since the acquisition of Taihan Cable. We expect him to draw on his extensive management experience to strengthen the competitiveness of our HVDC and submarine cable businesses and build a foundation for sustained growth in global markets.”
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