HD Hyundai

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

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.

Businesses

HD Hyundai operates three core businesses - shipbuilding, heavy equipment, and energy - through Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Genuine, and Hyundai Oilbank.

Korea Shipbuilding & Offshore Engineering (KSOE) is a sub-holding company that controls the group's shipbuilding companies, including Hyundai Heavy Industries, Hyundai Samho Heavy Industries, and Hyundai Mipo Dockyard.

Hyundai Genuine is another sub-holding company that oversees heavy equipment business, having Hyundai Doosan Infracore and Hyundai Construction Equipment as subsidiaries.

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

Controversies

Involvement in Israeli Settlements

HD Hyundai has come under criticism for sale of its excavators to Israel. Israeli forces have used excavators manufactured by HD Hyundai to destroy Palestinian homes and property in the West Bank. The BDS movement has called for a boycott of HD Hyundai along with Caterpillar Inc, JCB, and Volvo Group for being complicit in Israel's ethnic cleansing of the occupied Palestinian territories through the use of their equipment.

Affiliates

The subsidiaries of HD Hyundai Group are as follows:

Marine

• HD Korea Shipbuilding & Offshore Engineering
• HD Hyundai Heavy Industries
• Hyundai Mipo Dockyard
• Hyundai Samho Heavy Industries
• HD Hyundai Marine Solution
• HD Hyundai Engineering & Technology
• Avikus

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

• HD Hyundai XiteSolution
• HD Hyundai Construction Equipment
• HD Hyundai Infracore
• HD Hyundai Robotics & automations

Support and Service

• Ulsan HD Football Club
• Hotel SEQMARQ

See also

• Asan Medical Center
• Munhwa Ilbo
• Ulsan HD FC

References

External links

• Official website
• Business data for HD Hyundai: