HD Hyundai (Korean: HD현대) is one of the largest South Korean conglomerates engaged in shipbuilding, heavy equipment, machinery, and the petroleum industry.[1]
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HD Hyundai Global R&D Center(GRC)
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Native name | 에이치디현대 주식회사 |
|---|---|
| Company type | Public |
| KRX: 267250 | |
| Founded | 2017; 7 years ago (2017) |
| Headquarters | , |
Key people | Kwon Oh-gap, Chung Kisun |
| Subsidiaries | HD Hyundai Heavy Industries HD Hyundai Samho HD Hyundai Mipo HD Hyundai Infracore HD Hyundai Oilbank |
| Website | www |
HD Hyundai started its shipbuilding business in a small village in Ulsan, South Korea, in 1972 and grew into a global heavy industries company. It is a major supplier in the heavy industries and energy sector, ranging from shipbuilding and marine engineering to oil refining, petrochemicals, and smart energy management businesses.
HD Hyundai rebranded its name of Hyundai Heavy Industries Group (HHI Group) to 'HD Hyundai' in 2022 to mark its 50th anniversary.[2]
HD Hyundai operates three core businesses - shipbuilding, heavy equipment, and energy - through HD Korea Shipbuilding & Offshore Engineering, HD Hyundai XiteSolution, and HD Hyundai Oilbank.[3]
HD Korea Shipbuilding & Offshore Engineering is a sub-holding company that controls the group's shipbuilding companies, including HD Hyundai Heavy Industries, HD Hyundai Samho, and HD Hyundai Mipo.[4]
HD Hyundai XiteSolution is another sub-holding company that oversees heavy equipment business, having HD Hyundai Infracore and HD Hyundai Construction Equipment as subsidiaries.[5]
HD Hyundai Oilbank is one of the four major oil refiners in South Korea, along with SK Energy, GS Caltex, and S-Oil.[6]
HD Hyundai has come under heavy criticism for sale of its excavators to Israel. Israeli forces have used excavators manufactured by HD Hyundai to destroy Palestinian homes and property in the West Bank. The BDS movement has called for a boycott of HD Hyundai along with Caterpillar Inc, JCB, and Volvo Group for being complicit in Israel's ethnic cleansing of the occupied Palestinian territories through the use of their equipment.[7]
The subsidiaries of HD Hyundai Group are as follows:[8]