Taihan Cable has appointed Kim Jun-seok, a young professional manager in his 40s, as its new CEO. With Kim, who has been involved in the company's operations since its acquisition, at the helm, the company plans to accelerate its push into global power grid markets and develop next-generation businesses.
The company said Tuesday that its board of directors had appointed Kim as CEO. Earlier this month, Hoban Group designated Kim as the next head of Taihan Cable, promoting him to president as part of its executive reshuffle. Kim will also continue to serve as head of the group's strategy division.
Born in 1982, Kim graduated from Seoul National University's Department of Nuclear Engineering and joined Hoban Group in 2010 after working at Korea Hydro & Nuclear Power. He participated in major mergers and acquisitions and business diversification initiatives across the group, leading the practical work for Hoban's acquisition of Taihan Cable in 2021.
Since then, Kim has helped formulate management strategies and expand the company's key businesses. Starting in 2023, he successively served as head of management strategy and executive vice president overseeing overall management, leading efforts to improve business performance, restructure operations and expand investment.
Drawing on his understanding of Taihan Cable's businesses and overall management, Kim plans to strengthen the competitiveness of existing operations and develop strategies for future growth.
In particular, he will focus on expanding the company's presence in global markets, especially the United States and Europe, where power grid investment and the energy transition are creating new opportunities. He also plans to strengthen the competitiveness of next-generation businesses, including high-voltage direct current (HVDC) transmission and submarine cables.
Kim did not hold a formal inauguration ceremony. Instead, he shared his inaugural message on the company's internal online bulletin board.
He stressed that Taihan Cable should build on its accumulated technological expertise, experience and customer trust to achieve further growth.
"Small differences add up to make a company's competitiveness," Kim said, emphasizing that individual efforts to improve technology and quality and strengthen cost competitiveness would drive corporate growth. He also outlined plans to enhance corporate value by responding quickly to changes in markets and customer needs and focusing resources on selected businesses to secure tangible competitive advantages.
"President Kim Jun-seok has been involved in the company's growth and transformation since the acquisition of Taihan Cable," a company official said. "We expect him to strengthen the competitiveness of our HVDC and submarine cable businesses and build a foundation for sustained growth in global markets."
Song Jong-min, who has led Taihan Cable, will move to Hoban Group as senior vice chairman and CEO of Hoban Construction.
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