Chung Ju-yung, the late founder of the Hyundai Group, created Hyundai as a construction company in 1947. Chung decided to enter into shipbuilding in the early 1970s ignoring that Hyundai had no experience, capital, or shipbuilding technology whatsoever. Despite these challenges, the company received orders for two 260,000-dwt crude oil tankers from Greek magnate George Livanos while Hyundai's Shipyard was still in the planning stages.
In March 1972, ground was broken on an empty stretch of beach in Ulsan to construct what would become the world's largest shipyard. Hyundai then started building the two oil tankers and the shipyard simultaneously. Two years later, in 1974, Hyundai held a ceremony to simultaneously name the two tankers and dedicate the shipyard.
Capturing the imagination of the international maritime community, the event was a historical first step for Hyundai Heavy Industries.
In March 1972, ground was broken on an empty stretch of beach in Ulsan to construct what would become the world's largest shipyard. Hyundai then started building the two oil tankers and the shipyard simultaneously. Two years later, in 1974, Hyundai held a ceremony to simultaneously name the two tankers and dedicate the shipyard.
Capturing the imagination of the international maritime community, the event was a historical first step for Hyundai Heavy Industries.
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- Acquired Hyundai Corp. - Launched Korea's first hybrid ship, Taepungyang 9 - Achieved 90 million BHP in marine engine construction - Selected as " Power Transmission Equipment Company of the Year" - Delivered the first ship equipped with Hyundai Heavy's exclusive Ballast Water Treatment System - Completion of H-dock specializing in FPSO |
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- Achieved 80 million bhp in marine engine production - Groundbreaking for Gunsan Shipyard |
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- Built world's largest LNG carrier, British Emerald (216,000㎥) - Produced world's most powerful ship engine - Launched Korea's first Aegis destroyer, King Sejong the Great |
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- Delivered 1,800-ton class submarine,Son Wonil Ham - Delivered Korea's first oil development project (Rong Doi, Vietnam) |
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- Produced 2000th propeller - Achieved 50 million bhp in marine engine production |
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- Launched the first ship built using the On-ground Build Method - Delivered a next-generation 4,500-ton destroyer (KDX-II), Munmu the Great - Produced the world's largest propeller (diameter: 9.1m, girth: 29m) |
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- Achieved 40 million bhp in marine engine production - Established third joint-venture in China - Produced 1500th propeller |
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- Inauguration of Hyundai Heavy Industries - Delivered 1,000th ship, bringing total ship tonnage to 80 million dwt |
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- Delivered the world's largest FPSO, Kizomba A (343,000 dwt) | |
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- Developed Korea's first in-house marine diesel engine, HiMSEN | |
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- Produced 1000th propeller - Public listing on the Korean Stock Exchange |
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- Achieved 50 million dwt in ship construction - Established Hyundai Electro-Mechanical Research Institute (HEMRI) |
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- Delivered Korea's first LNG carrier | |
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- Delivered the world's largest ore carrier, Berge Stahl (365,000 dwt) |
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- Ranked "World's Top Shipbuilder" by Japanese journal Diamond | |
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- Established Hyundai Maritime Research Institute (HMRI) | |
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- Established Hyundai Industrial Research Institute (HIRI), the first private institute in Korea |
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- Simultaneously completed construction of shipyard and two supertankers, Atlantic Baron and Atlantic Baroness |
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- Groundbreaking for shipyard | |
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