Hyundai Engineering and Construction Co., Ltd. (HDEC; ) 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.
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.
Under creditors' management with Korea Exchange Bank as the largest creditor, Hyundai Group was split into several entities from 2001 to 2006. 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.
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.
In South Korea, it is also well known as an apartment developer, with its brand name being HILLSTATE.
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 Seoul Subway 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 Jagorawi Toll Road, Indonesia 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 Lusail 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
Hyundai Engineering & Construction FB Page