Hyundai Engineering and Construction
Hyundai Engineering and Construction Co., Ltd. KRX: 000720 (abbreviation: HDEC or HEC) is a major construction company in South Korea which has carried out projects not only in Korea but around the world. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company, and was a major component of the Hyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999.
Hyundai Construction played a major role in the importation of Korean labourers to the Middle East to work on construction projects there in the 1970s and 1980s; in the decade following 1975, when Hyundai signed their first contract in the region, for construction of a shipyard for the Iranian Navy near Bandar-e Abbas, 800,000 Koreans went to work in Saudi Arabia, and another 25,000 went to Iran; Hyundai was their largest employer.
The company was under creditors’ management (Korea Exchange Bank being the largest creditor) from 2001 to 2006, as Hyundai Group was split into several entities. As of March 2007, HEC is the main shareholder of Hyundai Merchant Marine, which is the de-facto holding company of Hyundai Group. Hyundai Group and Hyundai Heavy Industries (another spin-off from Hyundai Group) are both vying to purchase HEC.
Other Information
- Type: Public
- Employees: 3,777
Key People
- Jung Gyeom Kim, Chief Executive Officer, Director
- Seon Gyu Kim, Vice President, Director
- Su Hyeon Jung, Vice President, Director
- Mu Hyeon Jung, Vice President
- Seung Gyu Ahn, Vice President
- Seung Ryeol Lee, Managing Director
- Jae Hyeong Gwon, Managing Director
- Yeong Hyeon Yoo, Managing Director
- Hyeong Geun Lee, Managing Director
- Jong Ho Kim, Managing Director
Subsidiaries
- Hyundai
- Hyundai Motor Company, a division of Hyundai Motor Group
- Hyundai Heavy Industries
- Hyundai Asan, a division of Hyundai Group
- Hyundai Engineering and Construction
- Hyundai Department Store Group
- Hyundai Development Group
- Hyundai Electronics, renamed as Hynix in 2001
Contact Information
- Hyundai Engineering & Construction Co., Ltd.
140-2, Kye-dong, Jongno-gu
Seoul 110-793, South Korea
Tel. +82-2-746-1114
Fax +82-2-746-4846