Hyundai Engineering and Construction
Template:Short description Template:Distinguish Template:Infobox company Template:Infobox Korean name/auto Hyundai Engineering and Construction Co., Ltd. (HDEC; Template:Korean) is a major construction company in South Korea. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company and was a major component of the Hyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999.<ref>Template:Cite web</ref>
Hyundai Construction played a major role in the importation of Korean laborers to the Middle East 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 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.<ref name="Seok">Template:Cite conference</ref><ref name="MadeInKorea">Template:Cite book</ref>
Under creditors' management with Korea Exchange Bank as the largest creditor, Hyundai Group was split into several entities from 2001 to 2006.<ref name="times.hankooki.com">[1] Template:Dead link</ref> As of March 2007, HDEC is the main shareholder of Hyundai Merchant Marine, which is the de facto holding company of Hyundai Group. Hyundai Group and Hyundai Motor Group (another spin-off from Hyundai Group) are both vying to purchase HDEC.<ref name="times.hankooki.com"/>
In 2011, Hyundai Motor Group 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
- QAFCO 4,5 & 6 - Mesaieed,Qatar
- National Museum of Qatar - Doha,Qatar
- Hamad Hospital - Doha Qatar
- Hamad (Al Maha) Hospital - Wakra,Qatar
- Lusial Expressway, Qatar
- Construction of Al Bustan Street South Project -Sabah Al ahmad Corridor, Qatar
- Lusail Plaza Towers (Tower 3 & 4) - Lusail, Doha Qatar
- North-South Commuter Railway (Sucat-Calamba), Philippines
Notable people
The former president of South Korea, Lee Myung-bak, was a former CEO of Hyundai Engineering and Construction.
See also
- Suwon Hyundai Engineering & Construction
- Economy of South Korea
- CentGas consortium
- List of companies of South Korea
References
External links
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