Chung Ju-young, who is the founder of Hyundai Group, decided to enter into the shipbuilding industry in the early 1970s ignoring that Hyundai had no experience, capital and shipbuilding technology whatsoever. However, the company received orders for two 260,000-dwt crude oil tankers from Greek magnate George Livanos while Hyundai’s shipyard was still in the planning stage.
March in 1972, ground was broken on an empty stretch of beach in Ulsan to construct what would become the world’s largest shipyard. Then, the company started building the two oil tankers and the shipyard at the same time. Two years later, in 1972, Hyundai held a ceremony to name the two tankers while dedicating the shipyard.
Capturing the imagination of the international maritime community, the event was a historical first step for Hyundai Heavy Industries.
Then, now, the company became the largest shipbuilding manufacturer in the global market with the high technology they accumulated.
- Offshore & Engineering - Green energy
- Shipbuilding - Engine & Machinery
- Industrial Plant & Engineering - Construction Equipment
- Electro Electric System
HHI’s workforce is currently 24,400.
Value / Hyundai Spirits
“The people who have the mind that they can do whatever successfully achieve what they want.
If you doubted about what you were doing, you could do as you questioned. And you couldn’t do anything if you thought you couldn’t.”
- Chung Ju-young, the founder of Hyundai Group –
▶ Conception of Hyundai Spirits
① Creative Wisdom
With future-oriented mind, wisdom for freshness is necessary to pursue what customers want – make something out of mind
② Positive Thinking
Clear ownership and energetic attitude
③ Unwavering Drive
Strong drive to achieve our business objects (potential, break power, perseverance)