Tag: Hyosung

Hyosung

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Visitors browse through a variety of books in southern Seoul on June 24. 2026~

Books over bots? As AI takes over basic skillsets, Korean firms now court critical thinkers, humanities majors.

Companies are placing higher value on problem-solving, diverse perspectives and cross-disciplinary backgrounds in their hiring practices, creating opportunities for students with liberal arts degrees.

2026.9.12

Top court finalizes suspended prison term for Hyosung vice chief after 12-year legal battle

The Supreme Court upheld a two-and-a-half-year suspended prison term for Lee Sang-woon, ending a corruption case that began in 2014.

2026.9.10

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From spandex to skin care: Hyosung bets big on K-beauty through new supply chains

Hyosung is investing across ingredients, commerce and logistics to build an end-to-end K-beauty business targeting global markets.

2026.9.8

A Hyosung Heavy Industries extra-high-voltage transformer installed on Australia's power grid.

Hyosung Heavy Industries lands $210 million Australia grid deal

The five-year agreement with AusNet strengthens the Korean power equipment supplier's lead in the extra-high-voltage transmission equipment market down under.

2026.7.2

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

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