Hyundai Engineering and Construction

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Hyundai Engineering and Construction
Hangul:
현대 건설
Hanja:
現代建設
Revised Romanization: Hyeondae Geonseol
McCune-Reischauer: Hyŏndae Kŏnsŏl

Hyundai Engineering and Construction Co., Ltd. KSE: 000720 (abbreviation: HDEC or HEC) is a major construction company in South Korea which has carried out projects not only in Korea but around the world. 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].

The company was under creditors' management (Korea Exchange Bank being the largest creditor) from 2001 to 2006, as Hyundai Group was split into several entities. [2] As of March 2007, HEC is the main shareholder of Hyundai Merchant Marine, which is the de-facto holding company of Hyundai Group. Hyundai Group and Hyundai Heavy Industries (another spin-off from Hyundai Group) are both vying to purchase HEC. [3]

[edit] Major Hyundai Entities (formerly Hyundai Group)

[edit] See also

[edit] External links