Hyundai Engineering and Construction Co., Ltd. (HDEC; ) is a major construction company in South Korea. The company was founded by

Chung Ju-yung Chung Ju-yung or Jung Joo-young (; 25 November 1915 – 21 March 2001) was a South Korean entrepreneur and the founder of Hyundai Group, Hyundai Group, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean farme ...

in 1947 as the Hyundai Civil Works Company and was a major component of the

Hyundai Group Hyundai Group (; ) is a South Korean conglomerate founded by Chung Ju-yung. The group was founded in 1947 Hyundai Engineering & Construction, as a construction company. With government assistance, Chung and his family members rapidly expanded ...

. Hyundai Construction and Hyundai Engineering merged in 1999. Hyundai Construction played a major role in the importation of Korean laborers to the

Middle East The Middle East (term originally coined in English language) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage by the United Kingdom and western Eur ...

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 A shipyard, also called a dockyard or boatyard, is a place where ships are shipbuilding, built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Compared to shipyards, which are sometimes m ...

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. Under creditors' management with Korea Exchange Bank as the largest creditor, Hyundai Group was split into several entities from 2001 to 2006.
As of March 2007, HDEC is the main shareholder of Hyundai Merchant Marine, which is the de facto holding company of

. Hyundai Group and

Hyundai Motor Group The Hyundai Motor Group (HMG; ; stylized as HYUNDAI) is a South Korean '' chaebol'' (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in Seoul, South Korea. The HMG a ...

(another spin-off from Hyundai Group) are both vying to purchase HDEC. In 2011,

became the new owner of Hyundai Engineering & Construction. This was determined by Korean banks' decision after the company won a bidding war against the Korean Merchant Marine.

Key landmark construction sites

* Godeok-Topyeong Bridge * Pattani-Narathiwat Highway, Thailand * Bangabandhu Bridge, Bangladesh * Kyeong-bu (Seoul-Busan) expressway * North Han river, Soyanggang Dam, multipurpose Dam * Seoul Gangnam apartment introduction in Korea during 1970 * Hyundai Ulsan shipyard * Hyundai Motor Ulsan complex * Ulsan Industrial complex * Posco Giant Pohang and Gwangyang (South-west of Korean peninsula) complex * 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 * Construction of Al Bustan Street South Project -Sabah Al ahmad Corridor, Qatar * North-South Commuter Railway (Sucat-Calamba), Philippines

Notable people

The former president of South Korea,

Lee Myung-bak Lee Myung-bak (; born 19 December 1941), often referred to by his initials MB, is a South Korean businessman and politician who served as the tenth president of South Korea from 2008 to 2013. Before his presidency, he was the CEO of Hyundai Engi ...

, was a former CEO of Hyundai Engineering and Construction.

References

External links

*
Hyundai Engineering & Construction FB Page
{{DEFAULTSORT:Hyundai Engineering And Construction Construction and civil engineering companies of South Korea Companies based in Seoul Companies listed on the Korea Exchange Companies in the KOSPI 200 Construction and civil engineering companies established in 1947 Hyundai Motor Group South Korean companies established in 1947

Key landmark construction sites

Notable people

See also

References

External links