Hyundai Engineering and Construction
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Hyundai Engineering and Construction | |
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Hangul: |
현대 건설
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Hanja: |
現代建設
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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)
- Hyundai
- Hyundai Motor Company, a division of Hyundai Motor Group
- Hyundai Heavy Industries
- Hyundai Asan, a division of Hyundai Group
- Hyundai Engineering and Construction
- Hyundai Department Store Group
- Hyundai Development Group
- Hyundai Electronics, renamed as Hynix in 2001