Hyosung Heavy Industries joined forces with Taihan Cable & Solution to modernize power grid management in South Korea, marking a shift toward intelligent infrastructure monitoring in the region’s utility sector.
The partnership, which also includes Hyosung Chemical, focuses on merging Hyosung’s AI-powered asset management platform ARMOUR plus with Taihan’s cable monitoring system PDCMS. The combined technology promises to detect power grid anomalies before they cause outages.
Hyosung Chemical’s involvement centers on developing eco-friendly polypropylene insulation materials for power cables, as the company looks to expand beyond its traditional pipe-grade products. The move signals growing pressure on Asian utilities to adopt greener technologies.
While company executives tout the collaboration’s potential to capture global market share, industry analysts note that Korean power companies face stiff competition from established Western players in the smart grid space.
The agreement follows a broader trend of Asian industrial conglomerates consolidating their technical capabilities to compete in the international power infrastructure market, estimated to reach $112 billion by 2025.
Neither company disclosed financial terms of the agreement or specific investment plans for the joint development projects.
