#South Korea

Ultra-high-voltage transformer shipments surge on global AI data centre expansion, driving record exports, long order backlogs and sharp stock gains.

LS Electric completes a second ultrahigh-voltage transformer facility in Busan, expanding capacity and supporting growth in domestic and global transformer markets.

Record orders, easing tariffs, and HVDC expansion fuel a long-term industry boom.

The 1,500 MW Dawadmi wind project near Riyadh, won by a KEPCO-led consortium, sets a world record for the lowest wind power cost at 1.33803¢/kWh.

This partnership focuses on HVDC technology to strengthen Korea’s grid and support renewable energy growth.

South Korea’s LS Electric completes development of nation’s largest 500 MW HVDC transformer, to be used in KEPCO’s new Incheon converter station

South Korea launches national power grid expansion with 99 new transmission line and substation projects, HVDC strategy, and grid stabilisation measures.

Hyosung Heavy Industries begins construction of HVDC transformer facility in Changwon, investing $239 M to boost Korea’s presence in next-gen power grid tech.

Haesong and KEPCO sign agreement to connect 1 GW of offshore wind capacity to the grid, advancing South Korea’s renewable energy infrastructure.

The city delays key power project near Seoul, pressing KEPCO to build an art center in return for approving critical infrastructure expansion.

South Korea’s HD Hyundai Electric to deliver four 400 kV UHV transformers for substation upgrade in Scotland, marking its entry into the local market.

Hyosung Heavy Industries will supply 400 kV transformers to Scottish Power, supporting wind energy transmission from remote sites to cities.

The $51 million investment will add 123 new jobs to Hyosung HICO’s US transformer manufacturing hub in South Memphis, boosting local energy sector capacity.

Hyundai Engineering & Construction has secured consecutive bids for a 380 kV transmission line project commissioned by the Saudi Electricity Company.

HD Hyundai Electric plans to invest 397 billion won ($272.3 million) to boost production capacities for 765 kV ultra-high-capacity transformers at its plants in Ulsan and Alabama.

LS ELECTRIC announced that KOC Electric has expanded its ultra-high-voltage transformer production facility at its Ulsan plant.

The Korea Electric Power Corporation (KEPCO) has inaugurated its high-voltage direct current (HVDC) converter stations on Jeju Island in collaboration with Hitachi Energy.

LS Electric will supply high-voltage direct current (HVDC) transformers (CTR) for the second phase of the East Coast-Capital Region HVDC project.

North Korea has severed the power lines installed by South Korea to supply electricity to the now-closed joint industrial park in Kaesong, a North Korean border city.

LS Electric is set to sign a 500 billion won ($358 million) deal with a GE-KEPCO joint venture to build a high voltage direct current (HVDC) converter transformer system.

HD Hyundai Electric Co. has completed a new storage facility for transformers at its production plant in Alabama, USA.

Hyosung Heavy Industries has signed a 35 billion won ($25.9 million) transformer supply contract with Powerlink.

Hyosung Heavy Industries has secured a 330 billion won ($240 million) deal to supply 420 kV high-voltage transformers to Norway’s electricity agency Statnett.

The company will supply nine transformers with capacities of 275 to 400 kV to five substations operated by National Grid by October 2027.