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The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung. [8] Another widely known and closely related Korean company, the Hyundai Motor Company , was founded in 1967, five years prior to the founding of the Heavy Industry Group.
HD Hyundai started its shipbuilding business in a small village in Ulsan, South Korea, in 1972 and grew into a global heavy industries company. It is a major supplier in the heavy industries and energy sector, ranging from shipbuilding and marine engineering to oil refining, petrochemicals, and smart energy management businesses.
In 1975, the group began construction on an integrated car factory and launched a new Korean vehicle. In 1973, the group's shipyard was incorporated as Hyundai Shipbuilding and Heavy Industries and renamed Hyundai Heavy Industries in 1978. In 1976, Hyundai Corporation was established as a trading arm. The same year, Asia Merchant Marine Co ...
In 1999, RH Heavy Industries changed its name to 'Samho Heavy Industries' and in 2003, it finally changed the name to 'Hyundai Samho Heavy Industries' after the acquisition by Hyundai Heavy Industries in 2002. [2] Today, Hyundai Heavy Industries owns 94.92% of the company's stock.
The Miguel Malvar-class frigate is a class of frigates designed and currently built by Hyundai Heavy Industries (HHI) for the Philippine Navy.It was previously known as the HDC-3100 corvette based on the company's product nomenclature system and the service's acquisition project name until it was reclassified to frigate "FF" and then to its current "FFG" guided-missile frigate designation.
Hyundai Motor has kicked off construction on a 2 trillion won ($1.5 billion) facility in South Korea that will be dedicated to manufacturing electric vehicles. Hyundai plans to make 200,000 EVs a ...
In October 1984, Hyundai Group established a robot business team at Hyundai Heavy Industries to directly manufacture robots needed for the production of Hyundai Motor Company. It developed robots for automobile manufacturing and Liquid-crystal display transport.
It is the third-largest South Korean chaebol, after Samsung and SK Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor Group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance.