Hyundai Engineering and Construction facts for kids
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|
 |
|
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Native name
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현대건설 주식회사
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|---|---|
| Public | |
| Traded as | KRX: 000720 |
| Industry | Construction |
| Founded | 1947 |
| Founder | Chung Ju-yung |
| Headquarters | Jongno District,
,
South Korea
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|
Area served
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Worldwide |
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Key people
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Yoon Young-joon (president and CEO) Lee Won-Woo (EVP) Kim Kwang-Pyung (SVP & CFO) |
| Parent | Hyundai Motor Group |
| Hyundai Engineering and Construction | |
| Hangul |
현대건설
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|---|---|
| Hanja |
現代建設
|
| Revised Romanization | Hyeondae Geonseol |
| McCune–Reischauer | Hyŏndae Kŏnsŏl |
Hyundai Engineering and Construction Co., Ltd. (HDEC; Hangul: 현대건설 주식회사) is a very important construction company in South Korea. It builds many different things all over the world. This includes bridges, highways, buildings, and even big industrial areas.
Contents
Building a Legacy: Hyundai's History
Hyundai Engineering and Construction has a long and interesting history. It started small and grew into a global leader.
How Hyundai Construction Began
The company was founded in 1947 by Chung Ju-yung. It was first known as the Hyundai Civil Works Company. This company was a big part of the original Hyundai Group. In 1999, Hyundai Construction and Hyundai Engineering joined together.
Building in the Middle East
In the 1970s and 1980s, Hyundai Construction played a big role in projects in the Middle East. They signed their first contract in 1975. This was to build a shipyard for the Iranian Navy. Many Korean workers went to countries like Saudi Arabia and Iran for these projects. Hyundai was the largest employer for these workers.
Changes in Ownership
From 2001 to 2006, the Hyundai Group split into several different companies. This happened while the company was managed by its creditors. In 2011, Hyundai Motor Group became the new owner of Hyundai Engineering & Construction. This decision was made by Korean banks after a bidding process.
Amazing Construction Projects
Hyundai Engineering and Construction has built many famous structures around the world. Here are some of them:
- Godeok-Topyeong Bridge in South Korea
- Pattani-Narathiwat Highway in Thailand
- Bangabandhu Bridge in Bangladesh
- Kyeong-bu (Seoul-Busan) expressway in South Korea
- Soyanggang Dam, a multipurpose dam in South Korea
- Hyundai Ulsan shipyard in South Korea
- Hyundai Motor Ulsan complex in South Korea
- Jabel Ali Industrial harbour in the United Arab Emirates
- Suntec City tower project in Singapore
- Ulsan Grand Bridge in South Korea
- Sheikh Jaber Al-Ahmad Al-Sabah Causeway in Kuwait
- Lusial Expressway in Qatar
- Construction of Al Bustan Street South Project -Sabah Al ahmad Corridor in Qatar
- North-South Commuter Railway (Sucat-Calamba) in the Philippines
Important People at Hyundai
Some notable people have worked at Hyundai Engineering and Construction.
- The former president of South Korea, Lee Myung-bak, was once a CEO of Hyundai Engineering and Construction.
See also
- Suwon Hyundai Engineering & Construction
- Economy of South Korea
- CentGas consortium
- List of companies of South Korea
