Taihan Cable & Solution001440.KS
About Taihan Cable & Solution
Taihan Cable & Solution is one of South Korea's oldest wire and cable manufacturers, producing power cables from low-voltage lines to extra-high-voltage underground and submarine systems, along with related installation services. Once the core of the former Taihan Electric Wire group, the company was later acquired by construction-centered Hoban Group, now its controlling shareholder. Sales come from Korean utility and construction demand plus export projects for grids and interconnections abroad, and the company has invested in submarine cable capability aimed at offshore wind farms and island interconnection work.
The company competes as the second domestic force behind LS-affiliated cable makers, so relative positioning in high-voltage and submarine segments is a structural theme. Project-based revenue makes results lumpy and dependent on order timing at utilities and offshore wind developers. Grid modernization and electrification underpin long-run demand, while copper input costs are generally passed through contract structures. Hoban Group control links its governance narrative to a privately held construction group, and submarine cable expansion requires capital commitments that investors track closely.
Founded in 1941 as Chosun Electric Wire, Taihan is Korea's oldest cable maker and for decades ran neck and neck with rivals at the top of the domestic industry. Overreach during the 2000s, when the group diversified into construction, resorts, and real estate, left it debt-burdened, and after restructuring the company passed to private equity ownership under IMM in 2015. Hoban, a housing-focused construction group, acquired control in the early 2020s, giving the cable maker a deep-pocketed strategic parent, and the company adopted the English name Taihan Cable & Solution to signal a broader ambition spanning systems, installation, and submarine cable work.
Winning work means qualifying for tenders: utilities prequalify suppliers on type-test certification and installed references, then award contracts in which delivery schedules and performance penalties dominate the risk. Taihan's extra-high-voltage track record clears those hurdles in the Middle East, North America, Australia, and Asia, and overseas footholds, including production in Vietnam, a South African venture, and project bases in Kuwait and Australia, anchor regional sales. The company increasingly bids turnkey, pairing manufacturing with its own installation capability so it captures engineering margin rather than product revenue alone. At home, supply for the national grid operator's transmission program provides a steady baseload of demand beneath international project wins.
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Frequently asked questions
What does Taihan Cable & Solution do?
Taihan Cable & Solution manufactures power and communication cables, from distribution lines to extra-high-voltage underground and submarine systems, along with copper rod and winding wire. It supplies utilities, construction projects, and industrial customers in Korea and abroad, and provides installation services for major transmission and interconnection projects.
Who controls Taihan Cable & Solution?
Hoban Group, a privately held Korean construction conglomerate founded by Kim Sang-yeol, controls Taihan through affiliated companies that acquired the stake from private equity owners. The cable maker thus answers to a strategic corporate parent rather than a founding family of its own, its original ownership having dissolved in earlier restructurings.
How can foreign investors get exposure to Taihan Cable & Solution?
Shares are listed on the Korea Exchange under ticker 001440 and can be bought by foreign investors through brokers offering Korean market access after completing registration. As one of the KRX's long-listed industrial names, it also appears in some Korea-focused funds, which provide an indirect avenue for exposure.
Answers are editorial summaries for general information, not investment advice.
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