- Hyosung Heavy Industries' Q2 operating profit surges by 60%, marking a record quarterly high.
- The U.S. market accounts for 71% of the KRW 7.5 trillion in new orders secured during the first half of the year.
- Company solidifies its No. 1 position in the U.S. 765kV market, driven by its largest-ever order and "full-package" supply capabilities.
- Chairman Hyun Joon Cho's proactive investments and strategic high-level networking yield significant results.
- Chairman Cho declares the company is firmly established as a "Total Solution Provider" in the U.S. power market.
SEOUL, South Korea, Aug. 12, 2026 /PRNewswire/ -- Under the leadership of Hyosung Chairman Hyun Joon Cho, Hyosung Heavy Industries is building a solid presence in the U.S. power market. Chairman Cho's strategic bet to designate the power infrastructure business as a future growth engine and invest proactively in the local market is being credited with driving the company's strong performance.
71% of New Orders from the U.S… Annual Order Target Raised to KRW 12 Trillion
Hyosung Heavy Industries reported Q2 sales of KRW 1.687 trillion and an operating profit of KRW 264.3 billion, representing year-over-year growth of 10.6% and 60.9%, respectively. New orders in the first half of the year reached KRW 7.4987 trillion, nearly matching the total order amount for the entirety of last year. The annual order target has also been raised from the previous KRW 8.4 trillion to KRW 12 trillion.
At the core of this growth lies the company's performance in the U.S. market. Approximately 71% of Hyosung Heavy Industries' new orders in the first half of the year were secured in the United States. This is due to accelerating investments in local transmission grids driven by the expansion of AI data center construction.
Largest-Ever KRW 787 Billion Power Equipment Supply Contract
Earlier this year, Hyosung Heavy Industries signed a power equipment supply contract worth approximately KRW 787 billion with a leading U.S. transmission grid operator for 765kV ultra-high-voltage transformers, reactors, and other power equipment. This contract is the largest single project ever awarded to a Korean power equipment company operating in the U.S. market.
Last year, Hyosung Heavy Industries also became the first Korean company to sign a "full-package" supply contract in the U.S. for power equipment, including 765kV ultra-high-voltage transformers and 800kV ultra-high-voltage gas-insulated switchgear (GIS). With these consecutive large-scale orders, Hyosung Heavy Industries has reaffirmed its strong leadership position in the U.S. 765kV market.
Solidifying 'No. 1' Position in U.S. 765kV Ultra-High-Voltage Transformer Market
The 765kV transmission network offers the advantage of transmitting massive power capacities over long distances while significantly reducing transmission losses compared to existing 345kV or 500kV systems. To ensure a stable supply of large-scale power, major U.S. utilities are moving quickly to develop plans for 765kV transmission networks.
Hyosung Heavy Industries has supplied nearly half of the 765kV ultra-high-voltage transformers currently installed across the U.S. transmission grid. In particular, the company has maintained the number one market share in the U.S. 765kV ultra-high-voltage transformer market since the early 2010s, proving its product reliability and technological prowess in the U.S. power market.
Chairman Hyun Joon Cho's Proactive Investments and U.S. Networking Yield Results
Behind these achievements in the U.S. lies the strategic foresight and bold investments of Hyosung Chairman Hyun Joon Cho.
Chairman Cho has emphasized, "As the explosive growth of the AI industry makes the modernization of power infrastructure an essential task, we will firmly establish ourselves as a 'Total Solution Provider' in the U.S. power market through successful localization and operational know-how, including our Memphis plant."
Anticipating that a U.S. production base would be the core of competitiveness in the future power infrastructure market, Chairman Cho acquired an ultra-high-voltage transformer manufacturing plant in Tennessee in 2020. Despite internal concerns regarding various risks, he made the bold decision to acquire the facility, foreseeing the singularity era driven by AI advancements.
Chairman Cho's extensive U.S. network has also contributed to these results. By building personal relationships with senior executives in the U.S. energy and power sectors, as well as figures such as U.S. Secretary of Energy Chris Wright, Chairman Cho has helped enhance Hyosung Heavy Industries' brand value.
Website: https://www.hyosung.com/en/
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Hyosung Chairman Hyun-Joon Cho Drives Record Success in U.S. Power Grid Market
Its first consumer hip-assist exoskeleton, the Reudyn Hip X26, is planned for launch in September 2026
SHENZHEN, China, Aug. 12, 2026 /PRNewswire/ -- Reudyn today announced the launch of its wearable robotics brand, marking its entry into the consumer human mobility enhancement market. The brand's first product, the Reudyn Hip X26, is a hip-assist exoskeleton designed for everyday walking, extended mobility and outdoor exploration, with commercial availability planned for September 2026.
Guided by the philosophy "Human, Amplified," Reudyn focuses its product development on movement-intent recognition, gait sensing, adaptive assistance control and lightweight wearability. The brand aims to enable its devices to adapt to the user's movement in real time, creating more natural coordination between human and machine and allowing wearable robotics to integrate more seamlessly into everyday life.
Rethinking Human-Machine Interaction: Technology That Adapts to People
Exoskeleton technology has traditionally been used in specialized applications such as industrial load support and rehabilitation. As wearable robotics move toward broader consumer use, creating systems that are lighter, more natural and more intelligent has become a key area of development.
Reudyn has therefore adopted a human-centered approach to product development: the machine should become a natural extension of human movement, rather than an external device that users must repeatedly adapt to.
By combining sensing, algorithms and power systems, Reudyn aims to recognize gait patterns and movement states, then dynamically adjust assistance with less need for frequent manual mode switching. The goal is to provide meaningful support while preserving the user's natural movement rhythm and overall wearing experience.
"The value of technology is not to replace human ability, but to amplify human potential," said Mels Cui, CEO of Reudyn. "The ideal human-machine experience is not about constantly reminding users how powerful the machine is. Assistance should simply appear when it is needed. We want to reduce the physical burden of movement and help more people go farther with greater ease."
Reudyn Hip X26: Designed for Everyday Mobility and Outdoor Exploration
Alongside the brand launch, Reudyn introduced the Reudyn Hip X26, its first consumer hip-assist exoskeleton.
Designed for everyday mobility, outdoor exploration and extended walking, the Hip X26 is intended to reduce the physical effort associated with prolonged movement while providing a lightweight, intelligent and easy-to-use assisted walking experience.
The Reudyn Hip X26 is planned for commercial launch in September 2026. Detailed specifications, pricing and sales channels will be announced ahead of availability.
Technology and Team: Bringing Algorithms, Power and Wearability Together
Reudyn has assembled a multidisciplinary R&D team spanning intelligent power systems, adaptive algorithms, human-machine interaction, human factors engineering and materials engineering.
The core R&D team is led by researchers with advanced academic backgrounds and extensive experience in intelligent hardware, humanoid robotics and wearable robotics. The broader leadership and technical team includes serial entrepreneurs, hardware development leaders and algorithm researchers with experience in AI-powered mobility and robotics.
Reudyn also maintains ongoing research collaborations with leading universities and research institutions, bringing together academic expertise and product development capabilities to advance its work in intelligent movement algorithms, responsive power systems and human-machine interaction.
Through continued research, testing and product iteration, the team aims to improve assistance performance, adaptability and wearability across different users and movement conditions.
Bringing Wearable Robotics Into Everyday Life
Advances in sensors, intelligent algorithms, power systems and lightweight materials are expanding wearable robotics beyond industrial and medical applications into outdoor activities and everyday mobility.
For consumer products, meaningful adoption depends on more than assistance performance alone. Natural human-machine coordination, ease of wear, safety, weight and battery life are all critical to making wearable robotics practical for everyday use.
Looking ahead, Reudyn will continue expanding its technologies for human mobility enhancement, advancing human-machine coordination algorithms and intelligent assistance systems while exploring the use of advanced lightweight and sustainable materials in product design.
Through continued innovation, the company aims to create a lighter, more natural and increasingly seamless human-machine experience, bringing wearable robotics into a wider range of everyday mobility scenarios and making robotic technology a practical tool for people to expand their freedom of movement and exploration.
About Reudyn
Reudyn is an intelligent wearable robotics brand innovating in human movement augmentation and consumer human-machine collaboration. Guided by "Human, Amplified," we bring together adaptive intelligence, biomechanics, precision motion control, and human-centered engineering to create wearable robotics that move naturally with the body. Our goal is to make wearable robotics a natural part of everyday movement and outdoor exploration, helping people move farther and explore more possibilities.
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Reudyn Launches Wearable Robotics Brand Focused on Human-Centered Mobility
Reudyn Launches Wearable Robotics Brand Focused on Human-Centered Mobility
