|Mar 23, 2017|
|Mar 23, 2017|
Currency in KRW
Engineering & Construction
|Full time employees:||--|
Hyundai Engineering & Construction Co., Ltd. engages in the civil engineering and construction business. It operates through the following business divisions: Building Works, Civil Works, Plant and Power Plant Construction. The Building Works business includes construction of skyscrapers, housing work and buildings. The Civil Works business offers construction of roads, bridges and housing site development. The Plant Construction business provides construction of hydrocarbon processing and industrial plants. The Power Plant Construction business offers power and desalination, transmission and substations, new and renewable energy plants. It also constructs nuclear power plants. The company was founded by Chung Ju-Yung on May 25, 1947 and is headquartered in Seoul, South Korea.
Hyundai Engineering & Construction is a major South Korean general contractor founded in 1950. The company has its roots in Hyundai Civil Works, which was established in 1947.
The company boosted earnings by winning contracts for infrastructure development projects in South Korea and construction works in the Middle East. It is one of the companies that led South Korea's economic growth, referred to as "the Miracle on the Han River," during the 1970s and 1980s. Lee Myung-bak, the company's former chief executive, served as president of South Korea between 2008 and 2013.
Uncollectible accounts receivables resulting from the 1997 Asian currency crisis and other factors caused the company to become virtually bankrupt. The company briefly bolted from Hyundai group to be placed under receivership of creditor banks. However, after restructuring through personnel cuts and other measures, Hyundai Motor brought the company under its wing after a takeover battle in 2011.
Currently, Hyundai Engineering & Construction is one of the leading companies comprising Hyundai Motor group, alongside steelmaker Hyundai Steel and rail manufacturer Hyundai Rotem.
The company's largest division, which deals with plant construction, participated in a 2009 nuclear power plant construction project in the United Arab Emirates. It was South Korea's first time to export a nuclear power plant. The company's other main businesses include building works, and infrastructure and environmental division.
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- Local currency
- US Dollar
|Income before tax||883,262M|
|Dividends per share||500|
|Operating cash flow||1,086.52B|
Currency in KRW
|Income before tax||761.30M|
|Dividends per share||0.43|
|Operating cash flow||936.50M|
Currency in USD
- President, Chief Executive Officer & Director: Soo-Hyun Jung
- Vice President & Head-Finance Division: Dong-Wook Park
- MD, Head-Architectural Research & Development: Ho-Kyu Cho
- MD, Head-Energy Research & Development: Seok-Hong Lee
- Head-Compliance Support: Tae-Hee Kim
- Hyundai Motor Co., Ltd.(20.9%)
- National Pension Service of Korea(11.2%)
- Hyundai Mobis Co., Ltd.(8.7%)
- Kia Motors Corp.(5.2%)
- Nordea Investment Management AB (Denmark)(1.7%)
- The Vanguard Group, Inc.(1.3%)
- Hermes Investment Management Ltd.(1.2%)
- Dimensional Fund Advisors LP(1.2%)
- BlackRock Fund Advisors(1.2%)
- Norges Bank Investment Management(1.0%)
- Website: http://www.hdec.co.kr
- Address: 75 Yulgok-ro, Jongno-gu, Seoul, 03058, South Korea
- Phone: +82.2.746.1114
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