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Industrial Services


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 2021 KRWUSD
Gross Profit1,751.86B1,529.79M
Operating income689,966M602.50M
Income before tax864,659M755.05M
Net income407,508M355.85M
Diluted EPS3,625.173.16
Dividends Per Share6000.52
Total Assets19,637.26B16,519.25M
Total liabilities10,207.97B8,587.14M
Total equity7,216.73B6,070.86M
Operating cash flow1,009.40B881.45M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 16,887.09B 16,730.89B 17,278.79B 16,970.85B 18,065.53B
Gross Profit 1,707.84B 1,593.55B 1,769.82B 1,359.87B 1,751.86B
Operating income 870,142M 811,688M 843,358M 551,167M 689,966M
Income before tax 554,829M 897,862M 806,650M 398,828M 864,659M
Net income 201,697M 381,606M 407,428M 122,322M 407,508M
EBITDA 1,064.70B 987,261M 1,032.02B 726,820M 865,865M
Diluted EPS 1,810 3,423.86 3,655.55 1,097.50 3,625.17
Dividends Per Share 500 500 600 600 600
Total Assets 18,431.90B 18,054.60B 18,226.97B 17,939.27B 19,637.26B
Total liabilities 9,958.96B 9,762.75B 9,511.99B 9,172.89B 10,207.97B
Total equity 6,467.64B 6,274.09B 6,662.55B 6,631.75B 7,216.73B
Operating cash flow 514,404M 249,524M 478,916M 1,729.72B 1,009.40B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 14,937.58M 15,202.74M 14,816.51M 14,383.45M 15,775.56M
Gross Profit 1,510.68M 1,448.00M 1,517.62M 1,152.54M 1,529.79M
Operating income 769.68M 737.55M 723.17M 467.13M 602.50M
Income before tax 490.77M 815.85M 691.70M 338.02M 755.05M
Net income 178.41M 346.75M 349.36M 103.67M 355.85M
EBITDA 941.78M 897.08M 884.95M 616.00M 756.10M
Diluted EPS 1.60 3.11 3.13 0.93 3.16
Dividends Per Share 0.44 0.45 0.51 0.50 0.52
Total Assets 17,217.22M 16,180.86M 15,761.14M 16,514.10M 16,519.25M
Total liabilities 9,302.66M 8,749.55M 8,225.16M 8,444.16M 8,587.14M
Total equity 6,041.42M 5,622.95M 5,761.21M 6,104.89M 6,070.86M
Operating cash flow 455.01M 226.73M 410.66M 1,466.00M 881.45M

Valuation Measures

Dec 2021
Operating margin3.81%
Profit margin2.25%

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 (9.4%)
  • Hyundai Mobis Co., Ltd. (8.7%)
  • Kia Corp. (5.2%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (1.4%)
  • Norges Bank Investment Management (1.0%)
  • Global X Management Co. LLC (0.9%)
  • Samsung Asset Management Co., Ltd. (0.7%)
  • Dimensional Fund Advisors LP (0.7%)

Contact Details

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

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Last Updated on 4 Oct, 2022

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