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Hyundai Engineering & Construction
Hangul	현대건설
Hanja	現代建設
Revised Romanization	Hyeondae Geonseol
McCune–Reischauer	Hyŏndae Kŏnsŏl

Hyundai Engineering & Construction Co., Ltd.
Native name	현대건설 주식회사
Company type	Public
Traded as	KRX: 000720
Industry	Construction
Founded	1947; 78 years ago
Founder	Chung Ju-yung
Headquarters	Jongno District, Seoul, South Korea
Area served	Worldwide
Key people	Yoon Young-joon (President & CEO); Lee Won-Woo (EVP); Kim Kwang-Pyung (SVP & CFO)
Net income	295,656,000 (2007)
Parent	Hyundai Motor Group
Website	https://www.hdec.kr

Hyundai Engineering and Construction Co., Ltd. (HDEC; Korean: 현대건설 주식회사) 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.^[1]

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.^[2]^[3]

Under creditors' management with Korea Exchange Bank as the largest creditor, Hyundai Group was split into several entities from 2001 to 2006.^[4] 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.^[4]

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

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) com
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
Lusial Expressway, Qatar
Construction of Al Bustan Street South Project -Sabah Al ahmad Corridor, 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.

References

^ "Hyundai E & C, Engineering merger". Brl.pe.kr. May 15, 1999. Archived from the original on 3 March 2016. Retrieved 11 November 2017.
^ Seok, Hyunho (1991). "Korean migrant workers to the Middle East". In Gunatilleke, Godfrey (ed.). Migration to the Arab World: Experience of Returning Migrants. United Nations University Press. pp. 56–103. ISBN 9280807455.
^ Steers, Richard M. (1999). Made in Korea: Chung Ju Yung and the Rise of Hyundai. United Kingdom: Routledge. pp. 109–117. ISBN 978-0-415-92050-6.
^ ^a ^b [1] ^{[dead link‍]}