Hyosung Chairman Cho Hyun-joon will be a global leader in changing the game of the HVDC market
Oct 21, 2025
Hyosung is looking for growth engines by investing generously in new artificial intelligence (AI)-related businesses while strengthening existing business competitiveness based on its original technology.
Hyosung Heavy Industries expects to open the era of 5 trillion won in sales and 500 billion won in operating profit for the first time this year based on the continued expansion of power demand such as the U.S. and global AI industries and data centers. In line with this, it is actively developing new technologies and new businesses such as ultra-high voltage direct current transmission (HVDC).
◆ Hyosung's technological competitiveness...Focus global attention on 'HVDC Localization'
Hyosung Heavy Industries will speed up the localization of ultra-high voltage direct current transmission (HVDC) technology to lead the future power market.
HVDC is a technology that is in the spotlight at a time when demand for electricity increases exponentially due to the growth of the AI industry and the expansion of electricity supply and demand through renewable energy is inevitable due to tasks such as carbon neutrality and RE100.
Hyosung Heavy Industries started developing a 200MW voltage HVDC system under the order of Chairman Cho Hyun-joon in 2017. At that time, despite the deteriorating performance and the burden of deficits, it invested 100 billion won in research and development for seven years and succeeded in localizing 200MW class HVDC last year.
Chairman Cho Hyun-joon said, "HVDC is a key technology that will lead the future energy market beyond simple transmission technology." We will spare no effort to help Hyosung Heavy Industries become a game changer in the global HVDC market" he said.
On July 30, the groundbreaking ceremony for the HVDC transformer plant was held at the Changwon plant in Gyeongsangnam-do to speed up technology localization. The plant is the largest production facility dedicated to HVDC transformers in Korea. Hyosung Heavy Industries will invest a total of 330 billion won over two years for the expansion of manufacturing facilities for large-capacity voltage converter systems and HVDC projects such as R&D.
In the future, Hyosung Heavy Industries plans to secure its own technological sovereignty through the development of 2GW high-capacity voltage type HVDC.
It is expected to play a pivotal role in the current government's 'West Coast Energy Highway' construction project by actively winning orders for large-scale transmission network projects at home and abroad. If HVDC with domestic technology is used, it is possible to maintain the power grid and respond quickly in case of failure. Hyosung Heavy Industries is the only HVDC total solution provider in Korea that can design systems and produce equipment (converters, controllers, transformers, etc.) with its own technology.
◆ Leading technical standards in Europe...Building a Global R&D Base
Hyosung Heavy Industries will establish a European R&D center in Arnhem, Netherlands, to strengthen its future power technology competitiveness.
Chairman Cho Hyun-jun said, "Hyosung's DNA is a technology that customers can trust, and through this, we need to continue to increase brand value." he has emphasized. Regarding the opening of the European R&D Center "We will cooperate with foreign research institutes, including the Netherlands, to create standards for global power technology together and strengthen Hyosung's global technology leadership."
The newly established European R&D Center is Hyosung Heavy Industries' first global research base to directly participate in technology development and standard discussions with local power technology institutions in Europe.
In cooperation with major European research institutes, it will focus on developing next-generation ultra-high-voltage power technologies such as HVDC and eco-friendly power solutions such as SF6-Free GIS (ultra-high-voltage direct current transmission). It is expected to become a base for solidifying Hyosung's brand value of 'Trusted Technology' in the global market.
Hyosung Heavy Industries expects to open the era of 5 trillion won in sales and 500 billion won in operating profit for the first time this year based on the continued expansion of power demand such as the U.S. and global AI industries and data centers. In line with this, it is actively developing new technologies and new businesses such as ultra-high voltage direct current transmission (HVDC).
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Hyosung Heavy Industries will speed up the localization of ultra-high voltage direct current transmission (HVDC) technology to lead the future power market.
HVDC is a technology that is in the spotlight at a time when demand for electricity increases exponentially due to the growth of the AI industry and the expansion of electricity supply and demand through renewable energy is inevitable due to tasks such as carbon neutrality and RE100.
Hyosung Heavy Industries started developing a 200MW voltage HVDC system under the order of Chairman Cho Hyun-joon in 2017. At that time, despite the deteriorating performance and the burden of deficits, it invested 100 billion won in research and development for seven years and succeeded in localizing 200MW class HVDC last year.
Chairman Cho Hyun-joon said, "HVDC is a key technology that will lead the future energy market beyond simple transmission technology." We will spare no effort to help Hyosung Heavy Industries become a game changer in the global HVDC market" he said.
On July 30, the groundbreaking ceremony for the HVDC transformer plant was held at the Changwon plant in Gyeongsangnam-do to speed up technology localization. The plant is the largest production facility dedicated to HVDC transformers in Korea. Hyosung Heavy Industries will invest a total of 330 billion won over two years for the expansion of manufacturing facilities for large-capacity voltage converter systems and HVDC projects such as R&D.
In the future, Hyosung Heavy Industries plans to secure its own technological sovereignty through the development of 2GW high-capacity voltage type HVDC.
It is expected to play a pivotal role in the current government's 'West Coast Energy Highway' construction project by actively winning orders for large-scale transmission network projects at home and abroad. If HVDC with domestic technology is used, it is possible to maintain the power grid and respond quickly in case of failure. Hyosung Heavy Industries is the only HVDC total solution provider in Korea that can design systems and produce equipment (converters, controllers, transformers, etc.) with its own technology.
◆ Leading technical standards in Europe...Building a Global R&D Base
Hyosung Heavy Industries will establish a European R&D center in Arnhem, Netherlands, to strengthen its future power technology competitiveness.
Chairman Cho Hyun-jun said, "Hyosung's DNA is a technology that customers can trust, and through this, we need to continue to increase brand value." he has emphasized. Regarding the opening of the European R&D Center "We will cooperate with foreign research institutes, including the Netherlands, to create standards for global power technology together and strengthen Hyosung's global technology leadership."
The newly established European R&D Center is Hyosung Heavy Industries' first global research base to directly participate in technology development and standard discussions with local power technology institutions in Europe.
In cooperation with major European research institutes, it will focus on developing next-generation ultra-high-voltage power technologies such as HVDC and eco-friendly power solutions such as SF6-Free GIS (ultra-high-voltage direct current transmission). It is expected to become a base for solidifying Hyosung's brand value of 'Trusted Technology' in the global market.
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This article was translated by Naver AI translator.
