Hyosung Heavy Industries will build a new export-only extra-high-voltage circuit breaker plant and expand related production equipment in Changwon, South Korea, with a total investment of 100 billion won. The plant is targeted for completion in the first half of 2026 and will raise breaker capacity to about 1.5 times the existing level.

BMT held a groundbreaking ceremony for a new plant in Gijang-gun, Busan, with construction investment of about KRW 34 billion and annual production capacity rising from KRW 150 billion to KRW 300 billion. Completion is planned for March 2023.

Iljin Power disclosed a single sales and supply contract worth KRW 32.52 billion with Incheon International Airport Corporation, for supply within South Korea, signed on 11 December 2020.

Willings signed a supply contract worth KRW 24.4 billion with Gapjin Co. for telecom battery packs, equal to 57.08% of Willings' revenue. The article is dated April 3, 2020, and the contract runs until June 30.

Wave Electro signed a supply contract worth 10.834 billion won with LIG Nex1 for the third mass-production phase of the Hyeongung project, equal to 22.54% of its revenue, running until January 3, 2024.

Sunda Electric agreed to supply FAB building switchboards and 590 other items for Samsung C&T's X2 Project, under a contract worth KRW 15.27 billion running until March 31 of next year.

GE, through its KAPES joint venture, was awarded a $320 million contract by Korea Electric Power Corporation to supply a 4 GW, 500 kV HVDC transmission link from eastern South Korea to the Seoul metropolitan area. Completion is expected by the end of 2021.