Today, within the framework of the visit of the Minister of Foreign Affairs of the Republic of Kazakhstan Beibut Atamkulov to the Republic of Korea in Seoul, a bilateral meeting was held between «Alageum Electric» JSC and the leading South Korean company «Hyosung». This B2B meeting was organized with the support of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan and «Kazakh Invest» JSC.

Yerkebulan Ilyasov, Chairman of the Board of Directors of «Alageum Electric», signed a memorandum with «Hyosung» for the supply of 110 kV Cubicle switchboard. Cubicle switchboard is a gas-insulated high-voltage Cubicle switchboard designed to receive, distribute and transmit electrical energy in three-phase alternating current networks with a frequency of 50 Hz and a nominal voltage of 110 kV. Hyosung has been manufacturing Cubicle switchboard for 50 years. Negotiations are also ongoing with the company’s management on the organization of joint production in the Republic of Kazakhstan - the construction of a plant for the production of Cubicle switchboard 110, 220, 500 kV.

Hyosung Corporation (1966) occupies a leading position in the electricity-producing industry of the Republic of Korea. The corporation has the most modern technologies and advanced capabilities for the production of transformers for general and special purposes, substations, as well as Cubicle switchboard.

Alageum Electric aims for long-term cooperation and exchange of experience with Hyosung Corporation