Hyundai company has started its success story as a construction firm in 1947. It was founded in South Korea by Chung Ju-Yung. In the course of time, besides construction, Hyundai has commenced new business lines such as logistic, automobile, electronic and shipbuilding. It is important to mention about the success of Hyundai company in the field of automotive. As well-known that Hyundai Motor Company is in the leading position as auto manufacturer in the world and as you know, Hyundai car models have been in demand to a large extent in Turkey, also. In addition to that Chung Ju-Yung decided to enter maritime industry by shipbuilding even though Hyundai has no experience and knowledge in this field, and he founded the world’s largest shipyard in Ulsan, South Korea. It should be admitted that what he did is a great accomplishment in many respects.

Its Product Range

It is not possible to present all products of Hyundai Heavy Industries since its product range is quite various. On the other hand, if we should give example, its some main products are:

• Bulk carriers, container ships, tankers, Very Large Crude Carrier (VLCC), cargo ships, ore-bulk-oil carriers, Ro-Ro Passenger Ships (ROPAX), LPG carriers, RO-RO ships, chemical tankers, offshore rigs / barge and Liquefied Natural Gas (LNG) carriers.
• Naval ships, special-purpose vessels manufactured for the Republic of Korean Navy and Korean Coast Guard such as multi-purpose Frigates and Fleet support vessels.

What they do until today

Until today, Hyundai Heavy Industries have achieved a phenomenal success across the world. Thus, it is impossible to mention about its all successful projects in this writing. Yet, you can see some of them below:

• Production of first two VLCC in 1974
• 20 million DWT (Dead Weight Tonnage) production in 1988 and 50 million DWT production in 1997
• Production of first indigenous frigate of South Korea in 1980
• Delivered 2981 vessels to 268 shipowners in 48 countries between 1972 and 2013
• 100 million DWT production in 2005
• Development of Marine Weather Forecast system together with Korea Institute of Ocean Science and Technology (KIOST) in 2015
• Launched South Korea’s first combat support ship in 2016 and delivered to Republic of Korean Navy in 2017

The vision of Hyundai company is to be “Global Leader” in the heavy industry sector and it might be argued that they reached their dream. No doubt, they found the possibility to reach the success thanks to their business approach, broad-visioned managers, endless efforts, management philosophy and desire to realize their dreams. Though, Hyundai defines the key of its success as “Hyundai Spirit” (Creative Wisdom, Positive Thinking and Unwavering Drive) created by its founder. Accordingly, Hyundai could have become the largest shipyard in the world by adhering strictly this spirit. There are certainly so many significant points in this subject to be mentioned; but it is not possible to do that in this short writing. That is why, if you would like to get more detailed information, you can visit their official page https://english.hhi.co.kr