The MOUs were signed on 10 June during the Korea-EU Energy Transition Cooperation Forum in Brussels, with a focus on HVDC submarine cables and related infrastructure, and the partners also exploring new business opportunities in offshore power transmission. Taihan is currently building a second submarine cable plant in Dangjin capable of producing 640 kV HVDC cables, has recently acquired the 10,000-tonne cable-laying vessel Skandi Connector, and operates the CLV Palos.