Daehan Electric Wire has appointed Kim Jun-seok as its new CEO. The company plans to expand its operations in the U.S. and Europe and accelerate the competitiveness of next-generation businesses such as HVDC and submarine cables in response to increased global investment in power networks.
On October 21, Daehan Electric Wire held a board meeting and announced Kim's appointment as CEO.
Kim has been responsible for establishing the company's management strategy and expanding its business since leading the acquisition of Daehan Electric Wire by Hoban Group in 2021. Since 2023, he has served as the head of the management division and vice president, promoting business restructuring and investment expansion.
As CEO, Kim plans to enhance the competitiveness of the existing power cable business while focusing on growth areas such as HVDC and submarine cables. He aims to expand the company's presence in the U.S. and European markets, where demand for power network investment and energy transition is increasing, and to improve management efficiency to ensure that existing investments translate into actual orders and results.
Recently, Daehan Electric Wire has been increasing investments in production facilities and construction capabilities, positioning submarine cables and high-voltage power networks as future growth pillars. Following Kim's appointment, connecting these investments to overseas orders will be a key challenge.
Kim delivered his inaugural address through the company's internal groupware without a formal ceremony. He emphasized that "small differences accumulate to enhance the company's competitiveness," urging improvements in technology, quality, and cost competitiveness. He also outlined plans to strengthen the selection and concentration of business in response to market and customer changes.
He highlighted the importance of mutual growth for employees and the company, stating, "About 10,000 lives, including employees and their families from domestic and overseas affiliates, are intertwined with Daehan Electric Wire," asserting that the company's growth should lead to stability and pride for its members.
Kim graduated from Seoul National University with a degree in nuclear engineering and joined Hoban Group in 2010 after working at Korea Hydro & Nuclear Power. He has since been involved in the group's mergers and acquisitions and business diversification efforts.
A Daehan Electric Wire representative stated, "Kim has been a manager who has shared in the company's growth and transformation since the acquisition process," adding that he is expected to enhance the competitiveness of the HVDC and submarine cable businesses and strengthen the foundation for growth in the global market.
* This article has been translated by AI.
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