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Hyundai Engineering and Construction

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(Redirected fromHyundai Engineering & Construction)
South Korean construction company
Not to be confused withHyundai Engineering (HEC).
Hyundai Engineering and Construction Co., Ltd.
Native name
현대건설 주식회사
Company typePublic
KRX:000720
IndustryConstruction
Founded1947; 79 years ago (1947)
FounderChung Ju-yung
HeadquartersJongno District,,
South Korea
Area served
Worldwide
Key people
Yoon Young-joon (president andCEO)
Lee Won-Woo (EVP)
Kim Kwang-Pyung (SVP & CFO)
295,656,000 (2007) Edit this on Wikidata
ParentHyundai Motor Group
Websitehttps://www.hdec.kr
Hyundai Engineering and Construction
Hangul
현대건설
Hanja
現代建設
RRHyeondae geonseol
MRHyŏndae kŏnsŏl

Hyundai Engineering and Construction Co., Ltd. (HDEC;Korean: 현대건설 주식회사) is a majorconstruction company in South Korea. The company was founded byChung Ju-yung in 1947 as the Hyundai Civil Works Company and was a major component of theHyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999.[1]

Hyundai Construction played a major role in the importation of Korean laborers to theMiddle East to work on construction projects in the 1970s and 1980s. In the decade following 1975, Hyundai signed their first contract in the region for construction of ashipyard for theIranian Navy nearBandar-e Abbas. 800,000Koreans went to work in Saudi Arabia and another 25,000went to Iran; Hyundai was their largest employer.[2][3]

Under creditors' management withKorea Exchange Bank as the largest creditor, Hyundai Group was split into several entities from 2001 to 2006.[4] As of March 2007, HDEC is the main shareholder ofHyundai Merchant Marine, which is the de facto holding company ofHyundai Group. Hyundai Group andHyundai Motor Group (another spin-off from Hyundai Group) are both vying to purchase HDEC.[4]

In 2011,Hyundai Motor Group became the new owner of Hyundai Engineering & Construction. This was determined by Korean banks' decision after the company won a bidding war against theKorean Merchant Marine.

Key landmark construction sites

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  • Godeok-Topyeong Bridge
  • Pattani-Narathiwat Highway, Thailand
  • Bangabandhu Bridge, Bangladesh
  • Kyeong-bu (Seoul-Busan) expressway
  • North Han river, Soyanggang Dam, multipurpose Dam
  • Seoul Gangnam apartment introduction in Korea during 1970
  • Hyundai Ulsan shipyard
  • Hyundai Motor Ulsan complex
  • Ulsan Industrial complex
  • Posco Giant Pohang and Gwangyang (South-west of Korean peninsula) complex
  • Jabel Ali Industrial harbour construction
  • Suntec City tower project, Singapore
  • Ulsan Grand Bridge
  • Geogeum Grand Bridge
  • Masan Changwon Grand Bridge
  • Sheikh Jaber Al-Ahmad Al-Sabah Causeway, Kuwait
  • QAFCO 4,5 & 6 - Mesaieed,Qatar
  • National Museum of Qatar - Doha,Qatar
  • Hamad Hospital - Doha Qatar
  • Hamad (Al Maha) Hospital - Wakra,Qatar
  • Lusial Expressway, Qatar
  • Construction of Al Bustan Street South Project -Sabah Al ahmad Corridor, Qatar
  • Lusail Plaza Towers (Tower 3 & 4) - Lusail, Doha Qatar
  • North-South Commuter Railway (Sucat-Calamba), Philippines

Notable people

[edit]

Theformer president of South Korea,Lee Myung-bak, was a former CEO of Hyundai Engineering and Construction.

See also

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References

[edit]
  1. ^"Hyundai E & C, Engineering merger".Brl.pe.kr. 15 May 1999. Archived fromthe original on 3 March 2016. Retrieved11 November 2017.
  2. ^Seok, Hyunho (1991). "Korean migrant workers to the Middle East". In Gunatilleke, Godfrey (ed.).Migration to the Arab World: Experience of Returning Migrants. United Nations University Press. pp. 56–103.ISBN 9280807455.
  3. ^Steers, Richard M. (1999).Made in Korea: Chung Ju Yung and the Rise of Hyundai. United Kingdom: Routledge. pp. 109–117.ISBN 978-0-415-92050-6.
  4. ^ab[1][dead link]

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