Hyundai Heavy Industries Co., Ltd.

South Korea

  • 1m
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  • 6m
  • 1y
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Feb 23, 2018
Prev close: 130,000
Feb 23, 2018
Market cap:
Market cap(USD):
Shares: 66.67M

Currency in KRW

Company profile

Market(Ticker): KRX(009540)
Producer Manufacturing
Trucks/Construction/Farm Machinery
Full time employees: --

Business summary

Hyundai Heavy Industries Co., Ltd. engages in the manufacture and sale of steel ships. Its operations are carried out through the following divisions: Shipbuilding, Offshore and Engineering, Industrial Plant and Engineering, Engine and Machinery, Electro Electric Systems, Green Energy and Construction Equipment. The Shipbuilding division main products involve VLCCs, tankers, product carriers, chemical tankers, containerships, bulk carriers, OBO carriers, ro-pax ships, ro-ro ships, pure car carriers, LNG carriers, LPG carriers, submarines, destroyers and frigates. The Offshore and Engineering division has floating units, mixed platforms, pipelines and subsea facilities, offshore installations. The Industrial Plant and Engineering division offers combined cycle power plant, thermal power plant, oil and gas processing plant, LNG plant, refinery plant, petrochecmical plant, process equipment, nuclear component, boiler and HRSG. The Engine and Machinery division provides machine engine equipment, industrial machinery, power plant and robot system. The Electro Electric System offers transformers, GIS, switchgear, low and medium voltage circuit breakers, power electronics, rotating machinery, integrated control and monitoring systems. The company Green Energy division has solar power system and wind turbine system. The Construction Equipment division offers excavators, wheel loaders, backhoe loaders, forklift trucks and skid steer loaders. The company was founded by Chung Ju-Yung on December 28, 1973 and is headquartered in Ulsan, South Korea.

Company background

South Korea's Hyundai Heavy Industries is one of the world's largest shipbuilders. It is also involved in oil refining through its subsidiary, Hyundai Oilbank. The company is one of the largest manufacturers in South Korea after Samsung Electronics, Hyundai Motor and others, with annual sales of around 50 trillion won.

Shipbuilding and oil refining are the company's two main sources of revenue. It also conducts business in areas such as offshore and engineering, construction equipment and electro electric systems.

The company's specialization in high-value-added vessels such as liquefied natural gas carriers and drill ships propelled it to the top of the shipbuilding industry in terms of volume years ago. Earnings, however, are precarious because of increased competition from Chinese rivals since the 2008 global financial crisis.

In the year ended December 2014, the company logged its biggest operating loss since its 1973 founding. It is now implementing structural reforms such as consolidating its group businesses, cutting jobs and reducing salaries. Unlike Hyundai Motor, which has a powerful labor union, relations between staff and management at Hyundai Heavy Industries are favorable. However, its unionized workers in 2014 staged their first strike in about 20 years to protest against the structural reforms.

Chung Mong-joon, the sixth son of the Hyundai conglomerate founder Chung Ju-yung, is the company's major shareholder. Chung, who has also served as chairman of the Korea Football Association and a member of the National Assembly, has decisive influence over the management of the company. Chung is expected to pass the baton to his son in the future.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 15,468.8B
Gross profit --
Operating income 14,600M
Income before tax -26,900M
Net income -172,100M
Diluted EPS --
Dividends per share 0
Total assets 30,408.8B
Total liabilities 18,036.8B
Total equity 12,372B
Operating cash flow --

Currency in KRW

Revenue 13,683.02M
Gross profit --
Operating income 12.91M
Income before tax -23.79M
Net income -152.23M
Diluted EPS --
Dividends per share 0
Total assets 28,404.83M
Total liabilities 16,848.16M
Total equity 11,556.67M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER --
ROA -0.43%
ROE -1.23%
Operating margin 0.09%
Profit margin -1.11%

Key executive

  • Vice Chairman & Co-Chief Executive Officer: Oh-Gap Kwon
  • President, Co-Chief Executive Officer & Director: Hwan-Goo Kang
  • Head-Compliance Support: Gap-Dong Park
  • Vice President & Head-Compliance Management: Sea-Heon Oh
  • Vice President: Young-Geol Joo

Share holders

  • Hyundai Robotics Co., Ltd.(23.6%)
  • Hyundai Heavy Industries Co., Ltd.(11.8%)
  • National Pension Service of Korea(7.3%)
  • KCC Corp.(6.2%)
  • Hyundai Mipo Dockyard Co., Ltd.(4.0%)
  • Capital Research & Management Co. (World Investors)(3.1%)
  • Capital Research & Management Co. (Global Investors)(2.5%)
  • Hyundai Motor Co., Ltd.(2.5%)
  • Asan Foundation(2.1%)
  • POSCO(1.7%)


  • Website:
  • Address: 1000 Bangeojin Sunhwan-doro, Dong-gu, Ulsan, 44032, South Korea
  • Phone: +

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