Hyundai Engineering & Construction facts for kids

Hyundai Engineering & Construction Co., Ltd.

Native name	현대건설 주식회사
Type	Public
Traded as	KRX: 000720
Industry	Construction
Founded	1947; 78 years ago (1947)
Founder	Chung Ju-yung
Headquarters	Seoul , South Korea
Area served	Worldwide
Key people	Yoon Young-joon (President & CEO) Lee Won-Woo (EVP) Kim Kwang-Pyung (SVP & CFO)
Parent	Hyundai Motor Company

Hyundai Engineering and Construction Co., Ltd. (HDEC; Hangul: 현대건설 주식회사) is a very important construction company in South Korea. It builds many different things, like bridges, roads, and big buildings.

The company was started by Chung Ju-yung in 1947. Back then, it was called the Hyundai Civil Works Company. It grew to be a big part of the larger Hyundai Group. In 1999, Hyundai Construction and Hyundai Engineering joined together.

Building the World: Hyundai's Global Projects

Hyundai Construction played a big part in bringing Korean workers to the Middle East in the 1970s and 1980s. These workers helped build many important projects there. For example, in 1975, Hyundai signed a contract to build a shipyard for the Iranian Navy.

Many Koreans traveled to work on these projects. About 800,000 Koreans went to Saudi Arabia, and another 25,000 went to Iran. Hyundai was the biggest employer for these workers.

Who Owns Hyundai E&C Today?

For a while, from 2001 to 2006, the company was managed by banks. This happened when the original Hyundai Group split into several different companies.

Later, in 2011, the Hyundai Motor Group became the new owner of Hyundai Engineering & Construction. This means HDEC is now part of the same family of companies that makes Hyundai cars.

Amazing Buildings and Structures by Hyundai E&C

Hyundai E&C has built many famous landmarks around the world. Here are some of them:

• Bangabandhu Bridge, Bangladesh
• Kyeong-bu (Seoul-Busan) express way (a major highway in Korea)
• Soyanggang Dam, a large dam on the North Han river
• Early apartment buildings in Seoul's Gangnam area during the 1970s
• Hyundai Ulsan shipyard
• Hyundai Motor Ulsan complex
• Ulsan Industrial complex
• Posco Giant Pohang and Gwangyang complexes (in the south-west of the Korean peninsula)
• Jabel Ali Industrial harbour construction
• Suntec City tower project, Singapore
• Ulsan Grand Bridge
• Geogeum Grand Bridge
• Masan Changwon Grand Bridge
• Sheikh Jaber Al-Ahmad Al-Sabah Causeway, Kuwait
• Lusial Expressway, Qatar
• Al Bustan Street South Project -Sabah Al Ahmad Corridor -Qatar

Famous People Connected to Hyundai E&C

A well-known person who used to lead Hyundai Engineering and Construction is Lee Myung-bak. He was the CEO of the company before he became the President of South Korea.

See also

• Suwon Hyundai Engineering & Construction
• Economy of South Korea
• CentGas consortium
• List of companies of South Korea