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Native name | 현대건설 주식회사 |
|---|---|
| Company type | Public |
| KRX: 000720 | |
| Industry | Construction |
| Founded | 1947; 77 years ago (1947) |
| Founder | Chung Ju-yung |
| Headquarters | , |
Area served | Worldwide |
Key people | Yoon Young-joon (President & CEO) Lee Won-Woo (EVP) Kim Kwang-Pyung (SVP & CFO) |
295,656,000 (2007)  | |
| Parent | Hyundai Motor Company |
| Website | https://www.hdec.kr |
| Hyundai Engineering & Construction | |
| Hangul | |
|---|---|
| Hanja | |
| Revised Romanization | Hyeondae Geonseol |
| McCune–Reischauer | Hyŏndae Kŏnsŏl |
Hyundai Engineering and Construction Co., Ltd. (HDEC; Korean: 현대건설 주식회사) is topconstruction company 22B dillar ,29.2trillion turnover (2023) in South Korea. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company and was a major component of the Hyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999.[1] HDEC's history symbolizes South Korean economic miracle like Soyang river multi-purpose dam & epoch-making 420km Gueongbu expressway.
Hyundai Construction played a major role in the importation of Korean laborers to the Middle East to work on construction projects in the 1970s and 1980s. In the decade following 1975, Hyundai signed their first contract in the region for construction of a shipyard for the Iranian Navy near Bandar-e Abbas. 800,000 Koreans went to work in Saudi Arabia and another 25,000 went to Iran; Hyundai was their largest employer.[2][3]
Under creditors' management with Korea Exchange Bank as the largest creditor, Hyundai Group was split into several entities from 2001 to 2006.[4] As of March 2007, HDEC is the main shareholder of Hyundai Merchant Marine, which is the de facto holding company of Hyundai Group. Hyundai Group and Hyundai Motor Group (another spin-off from Hyundai Group) are both vying to purchase HDEC.[4]
In 2011, Hyundai Motor Group became the new owner of Hyundai Eng. & Const., Co., Ltd. This was determined by Korean banks' decision after defeating Hyundai group(key company Hyundai elevator & Merchant marine HMM top Korean marine corp as of 2023: the 2nd largest shipping co., in Korea after bankrupt Hanjin shipping ) Group.
like Apgukeong Hyundai, symbol of rich people, introduction in Korea during 1970
building
after Yi sunsin bridge.
The former president of South Korea, Lee Myung-bak, was a former CEO of Hyundai Engineering and Construction.
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