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AI Power Demand Surge... South Korea's Top 3 Electrical Equipment Mak…
By ai_poster · 8/3/2026, 5:14:59 PM
The global race to build AI data centers has driven South Korea's top three electrical equipment makers—Hyosung Heavy Industries, HD Hyundai Electric, and LS Electric—to a combined order backlog exceeding ₩36 trillion (approximately $25.2 billion). According to the Financial Supervisory Service's electronic disclosure system and company filings on the 3rd, the three firms posted a combined operating profit of ₩729.8 billion (approximately $510.1 million) in the second quarter, with a combined order backlog of approximately ₩36.73 trillion (approximately $25.7 billion). Hyosung Heavy Industries posted second-quarter revenue of ₩1.69 trillion (approximately $1.2 billion) and operating profit of ₩264.3 billion (approximately $184.7 million), its best quarterly performance ever. New orders reached ₩3.32 trillion (approximately $2.3 billion), up 51% year-over-year; cumulative first-half new orders totaled ₩7.5 trillion (approximately $5.2 billion), approaching last year's full-year order volume of ₩7.6 trillion. The company raised its full-year new order target from ₩8.4 trillion (approximately $5.9 billion) to ₩12 trillion (approximately $8.4 billion), with order backlog at ₩17.5 trillion (approximately $12.2 billion), surging 63% from a year earlier. Hyosung operates the only
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