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 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]
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