Hyundai Heavy Industries HHI

Since its establishment in 1972, Hyundai Heavy Industries has grown into the world’s leading heavy industries company by successfully diversifying from shipbuilding into offshore and engineering, and engine and machinery. Over the past 49 years, we have encountered and prevailed over innumerable challenges and obstacles.

We are proud to note that we have not only played a pivotal role in our own nation’s economic development but also have become a responsible global corporate citizen contributing to the sustainable development of the world economy. The key to our success lies in our business philosophy characterized by creative wisdom, positive thinking, and unwavering drive, which took inspiration from the indomitable pioneering spirit of our founder Mr. Chung Ju-yung.

With a view to strengthening our competitiveness amidst sluggish shipbuilding industry and increasingly adverse business environment, we have decided to reorganize ourselves with a greater focus on shipbuilding, offshore plant, and marine engine manufacturing. This will further cement our global No.1 position in shipbuilding and offshore businesses.

Ready to tackle fresh challenges and determined to reinvent ourselves through innovation, we will redouble our efforts to further enhance our leadership position by strengthening our core businesses and consolidating our presence in international markets. With a clear vision into the future, we will deliver greater value to our clients with continued focus on technology innovation, harmony among all stakeholders, and cooperation.

We would like to take this opportunity to thank you for your support. We pledge our unrelenting efforts in pursuit of fulfilling our responsibilities as the global leader in the heavy industries sector.

Vision & Values

In 1972 Chung Ju-yung won his first ship order with little more than some seaside property and a vision to become a world-class shipbuilder. Today, our founder's determination to "create something out of nothing" exemplifies the indomitable spirit that continues to drive us in our quest for excellence.
We aspire to be a 'Global Leader', sailing into a brilliant future. The first part of our vision emphasizes our determination to consistently deliver unrivalled products and services.
We are also committed to delivering superior satisfaction to our customers, more rewarding careers for our employees, and greater value to our clients.

History

Chung Ju-yung, the late founder of the Hyundai Group, created Hyundai as a construction company in 1947. Chung decided to enter into shipbuilding in the early 1970s ignoring that Hyundai had no experience, capital, or shipbuilding technology whatsoever. Despite these challenges, the company received orders for two 260,000-DWT crude oil tankers from Greek magnate George Livanos while Hyundai's Shipyard was still in the planning stages.

In March 1972, ground was broken on an empty stretch of beach in Ulsan to construct what would become the world's largest shipyard. Hyundai then started building the two oil tankers and the shipyard simultaneously. Two years later, in 1974, Hyundai held a ceremony to simultaneously name the two tankers and dedicate the shipyard.

Capturing the imagination of the international maritime community, the event was a historical first step for Hyundai Heavy Industries.

Sustainability Overview

HHI’s approach to sustainability is always evolving and moving forward. We have expanded the meaning of sustainability to also include social and environmental sustainability.

Our vision of sustainability is rooted in Hyundai founder Chung Ju-yung’s ‘Hyundai Spirit’; Creative Wisdom, Positive Thinking, Unwavering Drive.

HHI has prevailed over adversity with Hyundai Spirit. Creative Wisdom, Positive Thinking, and Unwavering Drive have developed our core values and vision. On the firm foundation of Hyundai Spirit, Hyundai Heavy has emerged as the world’s biggest shipbuilder and an integrated heavy industries company with divisions specializing in offshore & engineering, industrial plant & engineering and engine & machinery.

Hyundai Heavy has always taken the lead in creating an open corporate culture where talented people are cultivated, and technical training courses are provided for our people to stay at the cutting edge of the ever-changing market.

The Company also focuses on sharpening employees’ work ethic in an effort to create a rule and principle-abiding corporate culture.

As a socially responsible corporation, Hyundai Heavy has been active in promoting community activities such as charities, outreach programmes, and cultural programmes.

Hyundai Heavy has also taken the lead in establishing a framework of mutual-prosperity with its partner companies.

We have not hesitated in building a ‘Green Management Environment’. The Company has preferred to use eco-friendly materials and parts since 2006.

In an effort to increase green energy use and reduce emissions, Hyundai Heavy has installed solar panels at all domestic work sites.

We strive to be a safety leader in our industry, a world-class operator, and a responsible corporate citizen. We are working to enhance safety and risk management, earn trust, and grow value.