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Seoul, South Korea · Public (KRX: 298040)
Power transformers; US plant in Memphis, TN
Grid revenue or backlog
Not yet sourced
Open roles
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no public job board
Federal awards
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none found
Last private raise
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no Form D on file
SEC filings
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not an SEC filer
OTHERHyosung Heavy reports record Q3 backlog of 18.9T won
Q3 2026 new orders reached 3.2331T won, up 122% year on year, and the order backlog hit a record 18.9T won. Q3 revenue was 1.7406T won with operating profit of 243.5B won.
en.fnnews.com →+ THESISPARTNERSHIPHyosung Heavy signs Siemens global strategic partnership on grids and AI data centers
The agreement covers digital substations and solid-state transformer solutions for AI data centers, combining Hyosung's ARMOUR+ diagnostics and sensors with Siemens' energy management and digital tools.
en.fnnews.com →+ THESISPROJECTHyosung Heavy targets domestic 2GW HVDC technology by 2027
The company completed key algorithms and submodule development for a 2GW voltage-source converter HVDC system, and was named lead company for converter valves and controllers in KEPCO's localization project in September.
thelec.net →+ THESISCONTRACTHyosung Heavy signs about $287M of ultra-high-voltage transformer contracts in US
Supply contracts totaling roughly $287 million for 765kV ultra-high-voltage transformers were signed with two major US technology companies, per the company's announcement on September 15.
prnewswire.com →+ THESISPROJECTHyosung Heavy backlog reaches 17.5T won; Memphis expansion above $200M
End-Q2 2026 order backlog stood at 17.507T won, with the US accounting for over half. The company is investing more than $200 million to expand Memphis, Tennessee, with completion expected in 2028.
thelec.net →+ THESISPOLICYSection 232 tariffs on copper, aluminum and steel
50% on the metals, 25–50% on many derivative products, and 15% on certain metal-intensive electrical grid equipment through 2027 (last modified Apr 6, 2026). Affects Transmission & equipment.
+ THESISPOLICYSPEED Act (federal permitting reform)
Would narrow NEPA reviews and litigation timelines for energy and infrastructure projects, including transmission. Affects Transmission & equipment.
+ THESISHow it works
Coils wound on an iron core raise voltage for long-distance lines and lower it again near customers. Every new plant and data center needs them, and lead times now run years.
OPEN IN 3D →No public filings, raises or hiring trend to read yet.
Read from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
No public job board on Greenhouse, Lever or Ashby, so hiring isn't tracked for this company yet.
No federal grants, contracts or loans found on USAspending.gov under this company's US entity name.
Policy that applies
No minerals, policies or partners linked yet. Add them in the review spreadsheet.
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
2026-10-30 · other
Hyosung Heavy reports record Q3 backlog of 18.9T wonQ3 2026 new orders reached 3.2331T won, up 122% year on year, and the order backlog hit a record 18.9T won. Q3 revenue was 1.7406T won with operating profit of 243.5B won.2026-10-30 · partnership
Hyosung Heavy signs Siemens global strategic partnership on grids and AI data centersThe agreement covers digital substations and solid-state transformer solutions for AI data centers, combining Hyosung's ARMOUR+ diagnostics and sensors with Siemens' energy management and digital tools.2026-10-23 · project
Hyosung Heavy targets domestic 2GW HVDC technology by 2027The company completed key algorithms and submodule development for a 2GW voltage-source converter HVDC system, and was named lead company for converter valves and controllers in KEPCO's localization project in September.2026-09-15 · contract
Hyosung Heavy signs about $287M of ultra-high-voltage transformer contracts in USSupply contracts totaling roughly $287 million for 765kV ultra-high-voltage transformers were signed with two major US technology companies, per the company's announcement on September 15.2026-08-04 · project
Hyosung Heavy backlog reaches 17.5T won; Memphis expansion above $200MEnd-Q2 2026 order backlog stood at 17.507T won, with the US accounting for over half. The company is investing more than $200 million to expand Memphis, Tennessee, with completion expected in 2028.Not an SEC filer, or no US entity matched. Most private and foreign companies don't file.