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Company Background

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.

Business Summary

HYUNDAI ENGINEERING & CONSTRUCTION Co., Ltd. engages in the civil engineering and construction business. It operates through the following Business Divisions: Civil Engineering, Architecture or Housing, Plant or Power Plant, and Others. The Civil Engineering division offers construction and installation of tunnels, bridges, roads and houses. The Architecture or Housing division offers construction of public buildings, skyscrapers and apartments. The Plant or Power Plant business provides construction of petrochemical, fresh water, new industrial plants, transmission and transformation, electric works, nuclear power plants. The Others division offers property development and lease, software installation, livestock, recreational condominium operations, hot and cold water and air conditioning supply industry. The company was founded by Chung Ju-Yung on January 10, 1950 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2019 KRWUSD
Gross Profit1,769.82B1,517.62M
Operating income843,358M723.17M
Income before tax806,650M691.70M
Net income407,428M349.36M
Diluted EPS3,655.553.13
Dividends Per Share6000.51
Total Assets18,226.97B15,761.14M
Total liabilities9,511.99B8,225.16M
Total equity6,662.55B5,761.21M
Operating cash flow478,916M410.66M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 19,122.05B 18,825.01B 16,887.09B 16,730.89B 17,278.79B
Gross Profit 1,529.80B 1,864.30B 1,707.84B 1,593.55B 1,769.82B
Operating income 923,938M 1,127.22B 870,142M 811,688M 843,358M
Income before tax 797,698M 981,478M 554,829M 897,862M 806,650M
Net income 367,901M 572,112M 201,697M 381,606M 407,428M
EBITDA 1,119.76B 1,318.42B 1,064.70B 987,261M 1,032.02B
Diluted EPS 3,300.90 5,133 1,810 3,423.86 3,655.55
Dividends Per Share 500 500 500 500 600
Total Assets 19,458.53B 19,873.44B 18,431.90B 18,054.60B 18,226.97B
Total liabilities 11,967.26B 11,748.79B 9,958.96B 9,762.75B 9,511.99B
Total equity 5,820.90B 6,329.02B 6,467.64B 6,274.09B 6,662.55B
Operating cash flow 595,990M 1,086.52B 514,404M 249,524M 478,916M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 16,895.20M 16,225.80M 14,937.58M 15,202.74M 14,816.51M
Gross Profit 1,351.65M 1,606.89M 1,510.68M 1,448.00M 1,517.62M
Operating income 816.34M 971.58M 769.68M 737.55M 723.17M
Income before tax 704.80M 845.96M 490.77M 815.85M 691.70M
Net income 325.05M 493.11M 178.41M 346.75M 349.36M
EBITDA 989.36M 1,136.38M 941.78M 897.08M 884.95M
Diluted EPS 2.91 4.42 1.60 3.11 3.13
Dividends Per Share 0.44 0.43 0.44 0.45 0.51
Total Assets 16,595.05M 16,454.24M 17,217.22M 16,180.86M 15,761.14M
Total liabilities 10,206.18M 9,727.43M 9,302.66M 8,749.55M 8,225.16M
Total equity 4,964.31M 5,240.12M 6,041.42M 5,622.95M 5,761.21M
Operating cash flow 526.58M 936.50M 455.01M 226.73M 410.66M

Valuation Measures

Dec 2019
Operating margin4.88%
Profit margin2.35%

Key executives

  • President, Chief Executive Director & Director: Dong-Wook Park
  • Managing Director & Head-Finance: Kwang-Pyung Kim
  • Managing Director & Head-Construction Technology: Seong-Min Park
  • Managing Director & Head-Information Technology: Jong-Won Kim
  • Senior MD, Head-Research & Development Center: Seok-Hong Lee


  • Hyundai Motor Co., Ltd. (20.9%)
  • National Pension Service of Korea (9.9%)
  • Hyundai Mobis Co., Ltd. (8.7%)
  • KIA MOTORS Corp. (5.2%)
  • The Vanguard Group, Inc. (1.8%)
  • BlackRock Fund Advisors (1.5%)
  • Norges Bank Investment Management (1.2%)
  • Dimensional Fund Advisors LP (1.0%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Mirae Asset Global Investments Co., Ltd. (0.3%)

Contact Details

  • Website:
  • Address: 75 Yulgok-ro, Jongno-gu, Seoul, 03058, South Korea
  • Phone: +82.2.746.1114

Related Companies

  • Hyundai Engineering & Construction Ltd. (Vietnam)
  • Hyundai Engineering Mexico S de RL de CV
  • Songdo Landmark City LLC
  • Hyundai Architects & Engineers Assoc
  • Hyundai Engineering & Construction Co. Ltd. (Kuwait)
  • Hyundai Engineering & Construction (India) Ltd.
  • Hyundai City Developement Co., Ltd.
  • Hyundai Farmland & Development Co. Ltd.
  • Hyundai Engineering & Steel Industries Co., Ltd.
  • Hyeondae Architects & Engineers Associates Co. Ltd.
  • Hyundai Engineering Co., Ltd.
  • Hyundai Engineering & Construction Co., Ltd. ESOA


  • Kye-Ryong Construction Industrial Co., Ltd.
  • KCC Engineering & Construction Co., Ltd
  • Seohee Construction Co., Ltd.
  • Hanjin Heavy Industries & Construction Holdings Co., Ltd.
  • Kumho Industrial Co., Ltd.
  • Dongbu Corporation
  • Hanjin Heavy Industries & Construction Co., Ltd
  • Fluor Corporation
  • Actividades de Construccion y Servicios SA
Last Updated on 1 Dec, 2020

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