Taihan Cable joins UK's Global Offshore Wind 2025 to showcase submarine cable solutions
Organized by RenewableUK, the event brings together industry leaders and innovators to exchange insights on emerging technologies and market trends.
Taihan will present its offshore wind power solutions, high-voltage direct current submarine cable systems and a model of its cable-laying vessel, Palos.
The company plans to highlight its submarine cable turnkey capabilities across the entire value chain, from design and production to installation and maintenance.
It will also showcase its role in the Yeonggwang Nakwol offshore wind power project in Korea, where it supplies submarine cables and deploys Palos for installation. The first phase was completed in May, with additional work scheduled for June and July.
Taihan will further introduce its expanded production facilities in Dangjin, South Chungcheong Province. Its first submarine cable plant is set for full operation this month, while a second facility is expected to launch in 2027.
Vice Chairman Song Jong-min will attend the event to engage with global clients and partners. 'GOW 2025 is a key opportunity to show our total offshore wind capabilities,' he said, emphasizing the company's goal of sustainable growth in the global energy sector.
Taihan is steadily expanding its production and installation capabilities, with its first submarine plant producing up to 320-kilovolt HVDC cables and a second 640kV-capable facility set to launch in 2027, targeting large-scale offshore wind projects and future initiatives on the west coast.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Korea Herald
a day ago
- Korea Herald
S. Korea's debt interest payments likely to top 30tr won in 2025: data
The South Korean government is expected to pay more than 30 trillion won ($21.6 billion) in interest on Treasury bonds and other national debts by the end of this year amid expansionary efforts to boost the economy, government data showed Sunday. The government's interest expenses of Treasury bonds, foreign exchange stabilization fund bonds and the national housing bonds reached 28.2 trillion won last year, up from 24.6 trillion won in 2023, according to data from the National Assembly Budget Office and the public website Open Fiscal Data. The total has been rising by an average of 13 percent annually over the past four years, from 18.6 trillion won in 2020 to 19.2 trillion won in 2021 and 21 trillion won in 2022. If this growth trend continues, interest expenses are projected to exceed 30 trillion won in 2025. For this year, the government earmarked about 30 trillion won for Treasury bond repayment and 660 billion won for foreign exchange stabilization fund bonds. Consequently, the ratio of national debt interest payments to total government expenditures climbed to 4.4 percent last year, up from 4 percent in 2023 and 3.1 percent in 2022. A looming concern is the maturity of large amounts of government bonds issued during the COVID-19 pandemic. As of end-2024, bonds worth 94 trillion won are set to mature this year and 98 trillion won next year. The figure will gradually decline to around 74 trillion won in 2027 and the 50 trillion-won range in 2028. The government's two extra supplementary budgets this year are also expected to add to the burden. In effect, about 100 trillion won worth of refinancing issuance is expected to flood the bond market this year and next. This could weigh on bond prices, drive up interest rates and further increase the government's debt-servicing costs. (Yonhap)
Korea Herald
2 days ago
- Korea Herald
Hanwha Vision's AI CCTVs deployed in Lima district for public safety
MEXICO CITY -- Hanwha Vision, a South Korean security system solution provider, has supplied some 2,000 artificial intelligence CCTV cameras to a district in Peru's capital region, marking one of the largest overseas deployments of its advanced surveillance technology to date, according to local officials Friday. Santiago de Surco, one of the districts in the Peruvian capital of Lima, said it has opened a new central monitoring center equipped with Hanwha Vision's AI-based cameras. The Hanwha Vision cameras installed include models with built-in license plate recognition technology and 360-degree multi-sensor monitoring capabilities. They are also programmed to detect abandoned objects and unusual behavior in public spaces using AI algorithms. "By providing analytics that automatically classify people and vehicles, our system helps reduce false alarms and improve monitoring efficiency, which we believe will greatly contribute to crime prevention," said Byun Sang-tae, head of Hanwha Vision's Mexico subsidiary. The municipality aims to reduce its crime rate by nearly half within six months in close cooperation with the Peruvian national police. An opening ceremony for the monitoring center was held the previous day, attended by senior Peruvian government and police officials, along with South Korean Ambassador to Peru Choi Jong-uk. The district, home to major shopping malls, parks and the U.S. Embassy, is regarded as one of the most dynamic and rapidly developing districts within the Lima metropolitan area.
Korea Herald
2 days ago
- Korea Herald
Trump says US could unveil semiconductor tariffs next week
WASHINGTON -- US President Donald Trump said Friday his administration will unveil tariffs on semiconductor imports as early as next week, as South Korean tech firms Samsung Electronics Co. and SK hynix Inc. have been carefully watching his tariff policy developments. Trump made the remarks in a meeting with reporters aboard Air Force One, as he was en route to Alaska for talks with Russian President Vladimir Putin -- the high-stakes meeting where Trump is seeking to broker a halt to the war in Ukraine. "Chips and semiconductors, we'll be setting sometime next week, (or) the week after," Trump said, according to a White House press pool report. He did not elaborate on the exact tariff rate, but said there would be a tariff increase from a "lower" rate to a "very high" rate. "Well, I'm going to have a rate that is going to be lower at the beginning. Then that gives them a chance to come in and build. And very high after a certain period of time," he said. "And if they don't build here, they have to pay a very high tariff." Last week, Trump said his administration will impose a tariff of about 100 percent on chips, as he is pushing to strengthen semiconductor production in the U.S. To impose the tariffs, Trump has invoked Section 232 of the Trade Expansion Act of 1962, a law that provides the president with the authority to adjust imports into the US when he determines they threaten to impair national security. (Yonhap)
