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hyosung

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Hyosung Group opens first AI data center in Seoul

Hyosung Group's STT Seoul 1 data center is designed to support a wide range of cloud and AI deployments. Its location in the capital also allows low-latency data transmissions to key business districts such as Gangnam and Yeouido.

2026.6.17

Ultra-high-voltage circuit breaker installed in the United States by Hyosung Heavy Industries

Hyosung to become first Korean firm to build ultra-high-voltage circuit breaker plant in the United States

Joint venture with U.S.-based Quanta Services gives company wider access to customers as power demand across the United States surges on data center needs and infrastructure replacement.

2026.6.14

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Hyosung Group Chairman Cho Hyun-joon, fourth from right, poses for a commemorative photo with a delegation from the Business Council of Australia, including CEO Bran Black, third from right, during a meeting to discuss cooperation. [HYOSUNG]

Hyosung Heavy Industries locks in first Australian ESS project

Hyosung Heavy Industries has secured its first energy storage system (ESS) construction project in Australia, the company said Thursday.

2026.3.12

Hyosung Heavy Industries' tranformer manufacturing plant in Memphis, Tennessee [HYOSUNG HEAVY INDUSTRIES]

Hyosung Heavy Industries secures $540 million ultra-high-voltage transformer contract in U.S.

Hyosung Heavy Industries has clinched a $540 million contract with an undisclosed major U.S. transmission grid operator to supply ultra-high-voltage transformers and reactors, the company said Tuesday.

2026.2.10

Hyosung Heavy Industries' high-voltage transformer plant in Memphis, Tennessee, is pictured in this undated photo provided by the company. [HYOSUNG]

Hyosung Heavy Industries to invest $157M to double capacity at Memphis transformer plant

Hyosung Heavy Industries said Tuesday it will invest $157 million in its Memphis high-voltage transformer plant in Tennessee to more than double the factory's production capacity by 2028.

2025.11.18

A high-voltage transformer manufactured by HD Hyundai Electric [HD HYUNDAI ELECTRIC]

Power equipment makers post big Q3 earnings on AI boom

Korean power equipment makers continued to post strong earnings in the third quarter, driven by booming demand for high-voltage transformers and data center infrastructure amid a global AI investment surge.

2025.10.23

Hyosung Group Chairman Cho Hyun-joon gives celebration remarks after he was named the CEO of the year in March 2023. [HYOSUNG]

Supreme Court approves suspended prison sentence for Hyosung chief

The Supreme Court on Thursday upheld a lower court's suspended prison sentence for Hyosung Group Chairman Cho Hyun-joon, seven years and nine months after he was indicted for embezzlement and other charges.

2025.10.16

Samsung Electronics Executive Chairman Lee Jae-yong, right, talks to another attendee during the Trilateral Executive Dialogue held at the Keidanren Kaikan in Tokyo on Oct. 15. [YONHAP]

Samsung, Hyosung, Hyundai attend Trilateral Executive Dialogue in Japan

Top business leaders from Korea, U.S. and Japan gathered in Tokyo this week for the Trilateral Executive Dialogue, a forum for economic cooperation, to discuss supply chain risks surrounding China and ways to strengthen trilateral collaboration.

2025.10.15

Hyosung Heavy Industries' high voltage power transformer [HYOSUNG HEAVY INDUSTRIES]

In this ‘cool’ industry, Hyosung juices up high-voltage push in the U.S.

As energy demand soars in the United States, Hyosung Heavy Industries is moving to power up domestic production as it brings its expertise and capabilities to the country.

2025.9.22

Attendees at the groundbreaking ceremony for the Hyosung Heavy Industries' high-voltage direct current (HVDC) transformer plant are seen clapping during the event at Hyosung Heavy Industries' Changwon facility in Changwon, South Gyeongsang, on July 30. From left, Korea Electric Power Corporation Vice President Seo Chul-soo, South Gyeongsang Deputy Governor for Economic Affairs Kim Myeong-ju, Ministry of Trade, Industry and Energy Second Vice Minister Lee Ho-hyeon, People Power Party (PPP) Rep. Kim Jong-yang, Hyosung Vice Chairman Lee Sang-woon, Democratic Party National Rep. Huh Sung-moo and PPP Rep. Choi Hyung-du. [HYOSUNG GROUP]

Hyosung Heavy Industries breaks ground on new Changwon factory for HVDC transformers

Hyosung Heavy Industries broke ground Wednesday on a new factory at its Changwon complex to produce high-voltage direct current (HVDC) transformers, marking a major push into next-generation power transmission.

2025.7.30