Korean Lawmakers Confirm Taihan's Global Competitiveness
Members of the Foreign Affairs and Unification Committee of the National Assembly of the Republic of Korea visited a key power infrastructure construction site in London, Britain, where they directly confirmed the global competitiveness of a Korean company.Taihan Cable & Solution said on Oct. 15 tha
A delegation of Korean lawmakers from the Foreign Affairs and Unification Committee toured a major power infrastructure construction site in London, United Kingdom, to affirm the global competitiveness of a Korean firm. On October 12, the lawmakers inspected the LPT2 (London Power Tunnels 2) project site, which is currently underway in the city.
The committee visited the site during their scheduled trip to Britain to assess the overseas business accomplishments of Korean enterprises and instances of economic collaboration between the two nations.
The committee included lawmakers from various parties, such as Chung Cheong-rae, Kim Young-ho, Lee Jae-gang, and Hong Ki-won from the Democratic Party of Korea, Kwon Young-se and Ahn Cheol-soo from the People Power Party, Kim Jun-hyung from the Rebuilding Korea Party, and Kim Heung-jong, the Republic of Korea's ambassador to the United Kingdom, along with other senior officials.
The LPT2 project, spearheaded by National Grid, Britain’s power transmission operator, aims to address the increasing electricity demand in London by constructing underground tunnels and installing high-voltage power cables.
As the lead contractor for the turnkey scope, Taihan Cable & Solution is responsible for supplying 400kV extra-high-voltage cables, accessories, and system design and engineering. Britain is currently a strategic location for infrastructure investment due to the replacement of aging power grids and a surge in electricity demand.
Taihan Cable & Solution has taken advantage of this opportunity by securing four projects in Britain during the first half of this year, bringing in new orders valued at approximately 100.0 billion won ($74.0 million). The lawmakers who toured the site expressed their hope that Taihan Cable & Solution, as Korea's pioneering wire and cable company, would continue to bolster the nation's standing on the global market using its technological strengths and contribute to the nation's economic growth.
In response, the company acknowledged that the visit provided an invaluable chance to highlight the role and successes of Korean businesses in overseas markets.
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