HD Hyundai (Korean: HD현대) is one of the largest South Korean conglomerates engaged in shipbuilding, heavy equipment, machinery, and the petroleum industry.[1]

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.

HD Hyundai rebranded its name of Hyundai Heavy Industries Group (HHI Group) to 'HD Hyundai' in 2022 to mark its 50th anniversary.[2]

Businesses

HD Hyundai operates three core businesses - shipbuilding, heavy equipment, and energy - through HD Korea Shipbuilding & Offshore Engineering, HD Hyundai XiteSolution, and HD Hyundai Oilbank.[3]

HD Korea Shipbuilding & Offshore Engineering is a sub-holding company that controls the group's shipbuilding companies, including HD Hyundai Heavy Industries, HD Hyundai Samho, and HD Hyundai Mipo.[4]

HD Hyundai XiteSolution is another sub-holding company that oversees heavy equipment business, having HD Hyundai Infracore and HD Hyundai Construction Equipment as subsidiaries.[5]

HD Hyundai Oilbank is one of the four major oil refiners in South Korea, along with SK Energy, GS Caltex, and S-Oil.[6]

Affiliates

The subsidiaries of HD Hyundai Group are as follows:[7]

Marine

Energy

  • HD Hyundai Oilbank
  • HD Hyundai Chemical
  • HD Hyundai & Shell Base Oil
  • HD Hyundai OCI
  • HD Hyundai Cosmo
  • HD Hyundai Electric
  • HD Hyundai Energy Solutions

Industrial

Support and Service

  • Ulsan HD Football Club
  • Hotel SEAMARQ

See also

References

  1. ^ Nam, Kwang-sik (November 16, 2021). "Hyundai Construction Equipment to acquire whole stake of KSOE's overseas units". Yonhap. Seoul.
  2. ^ He-rim, Jo (2022-12-26). "Hyundai Heavy Industries renames itself HD Hyundai". The Korea Herald. Retrieved 2023-01-12.
  3. ^ Hwang, Jung-hwan (February 24, 2022). "Hyundai Heavy's holding firm changes name to HD Hyundai". Korea Economic Daily.
  4. ^ Nam, Kwang-sik (October 8, 2020). "HD Hyundai seeks to diversify business portfolio to sharpen competitive edge". Yonhap News Agency. Seoul.
  5. ^ Song, Gwang-sup; Lee, Eun-joo (July 28, 2021). "HD Hyundai XiteSolution sets off with HD Hyundai Infracore under its arm". Maeil Business Newspaper.
  6. ^ "S. Korea's 4 refiners post record H1 operating profit". Yonhap News Agency. Seoul. August 15, 2022.
  7. ^ "Business". HD Hyundai. Retrieved 20 August 2020.
Allikas: http://en.wikipedia.org/wiki/HD_Hyundai_Group
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