Hyosung HICO plant in Memphis, Tennessee (Courtesy of Hyosung HICO) MEMPHIS, Tenn. -- South Korea’s major power system and machinery conglomerate Hyosung Heavy Industries Corp. plans to nearly double its annual transformer output in the US to over 250 units in two years, gearing up
Power transformer by HD Hyundai Electric (Courtesy of HD Hyundai Electric) HD Hyundai Electric Co., a South Korean electric power equipment maker, plans to invest about half of its 2024 operating profit, estimated at 720 billion won ($493 million), to seize an opportunity amid a transform
LS Electric's booth at the 2024 Renewable Energy Plus in California on Sept. 11, 2024 (Courtesy of Yonhap) LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE-KEPCO joint venture to build a hi
HD Hyundai Electric’s transformer factory in South Korea (File photo) South Korea’s electric equipment maker HD Hyundai Electric Co. said on Wednesday it has won a power transformer supply deal worth 47.1 million British pounds ($60.1 million) from UK utility company National Grid p
HD Hyundai Electric CEO Cho Seok Cho Seok, chief executive of HD Hyundai Electric Co., is an outsider at Korea Inc.When he was named CEO of the power equipment maker in December 2019, the veteran bureaucrat was the first C-suite executive HD Hyundai Group hired from outside the conglomerate in
HD Hyundai Electric's eco-friendly transformer (Courtesy of HD Hyundai Electric) South Korea’s heavy electrical equipment makers are expanding their presence in the US, the world’s second-largest electricity consumer, as they are winning more orders there, taking advantage of the gr