HD Hyundai
Native name | 에이치디현대 주식회사 |
---|---|
Company type | Public |
KRX: 267250 | |
Founded | 2017 |
Headquarters | , |
Key people | Kwon Oh-gap, Chung Ki-sun |
Subsidiaries | HD Hyundai Heavy Industries Hyundai Samho Heavy Industries Hyundai Mipo Dockyard HD Hyundai Infracore HD Hyundai Oilbank |
Website | www |
HD Hyundai (Korean: HD현대) is one of the largest South Korean conglomerates engaged in shipbuilding, heavy equipment, machinery, and the petroleum industry.[1]
HD Hyundai started its shipbuilding business in a small village in Ulsan, South Korea, in 1972 and grew into a global heavy industries company. It is a major supplier in the heavy industries and energy sector, ranging from shipbuilding and marine engineering to oil refining, petrochemicals, and smart energy management businesses.
HD Hyundai rebranded its name of Hyundai Heavy Industries Group (HHI Group) to 'HD Hyundai' in 2022 to mark its 50th anniversary.[2]
Businesses
HD Hyundai operates three core businesses - shipbuilding, heavy equipment, and energy - through Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Genuine, and
Korea Shipbuilding & Offshore Engineering (KSOE) is a sub-holding company that controls the group's shipbuilding companies, including
Hyundai Genuine is another sub-holding company that oversees heavy equipment business, having
Hyundai Oilbank is one of the four major oil refiners in South Korea, along with SK Energy, GS Caltex, and S-Oil.[6]
Controversies
Involvement in Israeli Settlements
HD Hyundai has come under criticism for sale of its excavators to Israel. Israeli forces have used excavators manufactured by HD Hyundai to destroy Palestinian homes and property in the West Bank. The BDS movement has called for a boycott of HD Hyundai along with
Affiliates
The subsidiaries of HD Hyundai Group are as follows:[8]
Marine
- HD Korea Shipbuilding & Offshore Engineering
- HD Hyundai Heavy Industries
- Hyundai Mipo Dockyard
- Hyundai Samho Heavy Industries
- HD Hyundai Marine Solution
- HD Hyundai Engineering & Technology
- Avikus
Energy
- HD Hyundai Oilbank
- HD Hyundai Chemical
- HD Hyundai & Shell Base Oil
- HD Hyundai OCI
- HD Hyundai Cosmo
- HD Hyundai Electric
- HD Hyundai Energy Solutions
Industrial
- HD Hyundai XiteSolution
- HD Hyundai Construction Equipment
- HD Hyundai Infracore
- HD Hyundai Robotics
Support and Service
- Ulsan HD Football Club
- Hotel SEQMARQ
See also
References
- ^ Nam, Kwang-sik (November 16, 2021). "Hyundai Construction Equipment to acquire whole stake of KSOE's overseas units". Yonhap. Seoul.
- ^ He-rim, Jo (2022-12-26). "Hyundai Heavy Industries renames itself HD Hyundai". The Korea Herald. Retrieved 2023-01-12.
- Korea Economic Daily.
- ^ Nam, Kwang-sik (October 8, 2020). "Hyundai Heavy seeks to diversify business portfolio to sharpen competitive edge". Yonhap News Agency. Seoul.
- ^ Song, Gwang-sup; Lee, Eun-joo (July 28, 2021). "Hyundai Genuine sets off with Doosan Infracore under its arm". Maeil Business Newspaper.
- ^ "S. Korea's 4 refiners post record H1 operating profit". Yonhap News Agency. Seoul. August 15, 2022.
- ^ RTTNews, RTTNews. "Israel/OPT: Hyundai CE must end link with war crimes in Masafer Yatta". Amnesty International. Retrieved 4 January 2024.
- ^ "Business". HD Hyundai. Retrieved 20 August 2020.
External links
- Official website
- Business data for HD Hyundai: