Hyosung chairman sets AI power infrastructure as core strategy at 60th anniversary
Cho Hyun-joon unveiled three management principles — tenacious, meticulous and trusted Hyosung — as the group marks 60 years and his 10th year as chairman.
Hyosung Group Chairman Cho Hyun-joon announced three new management principles at the group's 60th anniversary ceremony: "tenacious Hyosung," "meticulous Hyosung" and "trusted Hyosung," according to bloter.net. The chairman set AI power infrastructure, ultra-high-voltage transmission technology and global expansion as the group's core future strategy.
The anniversary also marks Cho's 10th year as chairman; he took the post in 2017. The group was split into Hyosung Corporation and HS Hyosung through a spin-off in July 2024.
Power equipment orders build the base
Hyosung Heavy Industries signed a long-term supply contract worth about 787 billion won in February 2026 for 765kV ultra-high-voltage transformers and reactors with a US transmission grid operator. In September 2026, the subsidiary won ultra-high-voltage transformer projects worth 386.5 billion won from two US big tech companies.
On the data center side, Hyosung Heavy Industries and STT GDC opened the 30MW hyperscale data center STT Seoul 1 in Gasan-dong, Seoul, in June 2026.
The company is investing 157 million dollars (about 230 billion won) to expand its ultra-high-voltage transformer plant in Memphis, Tennessee, and 330 billion won in a new HVDC plant in Changwon.
Quick answers
What are Hyosung Group's three new management principles?
Tenacious Hyosung, meticulous Hyosung and trusted Hyosung, announced by Chairman Cho Hyun-joon at the group's 60th anniversary ceremony.
What is Hyosung's core future strategy?
AI power infrastructure, ultra-high-voltage transmission technology and global expansion.
How large is Hyosung Heavy Industries' US transformer contract?
About 787 billion won for 765kV ultra-high-voltage transformers and reactors, signed in February 2026 with a US transmission grid operator.