Original Korean article: 에너지데일리
Daihan Cable has secured 100 billion won in policy financing support to acquire a subsea cable laying vessel (CLV), strengthening its integrated competitiveness from production to installation. The company is proactively securing critical installation infrastructure amid global shortages of cable installation vessels, which is expected to enhance the competitiveness of Korea's subsea cable industry and stabilize the supply chain.
The acquisition of the CLV represents a strategic investment by Daihan Cable to address the growing demand for subsea cable installation services in the offshore wind and HVDC transmission sectors. By owning its own installation vessel, the company can streamline operations and reduce dependency on external service providers, thereby improving project efficiency and cost-effectiveness.
This initiative is particularly significant given the global shortage of specialized cable laying vessels, which has become a bottleneck in the expansion of offshore wind farms and high-voltage direct current (HVDC) transmission projects worldwide. Daihan Cable's move to secure its own CLV positions the company as a more competitive player in the international subsea cable market.
The government's financial support demonstrates Korea's commitment to strengthening its offshore wind and submarine cable infrastructure capabilities. By backing Daihan Cable's vessel acquisition, policymakers aim to ensure stable supply chains and enhance Korea's position as a leading provider of subsea cable solutions in the global renewable energy transition.
