Hyundai Engineering and Construction
Hyundai Engineering and Construction Co., Ltd. KRX: 000720 (abbreviation: HDEC) 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]
Hyundai Construction played a major role in the importation of Korean labourers to the Middle East to work on construction projects there in the 1970s and 1980s; in the decade following 1975, when 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.[2][3]
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.[4] 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 Automotive Group (another spin-off from Hyundai Group) are both vying to purchase HDEC.[4]
Major Hyundai Entities (formerly HYUNDAI GROUP)
HYUNDAI E&C GROUP
See also
References
- ^ Çö´ë°Ç¼³, ¿£Áö´Ï¾î¸µ ÇÕº´
- ^ Seok, Hyunho (1991). "Korean migrant workers to the Middle East". In Gunatilleke, Godfrey (ed.). Migration to the Arab World: Experience of Returning Migrants. United Nations University Press. pp. 56–103. ISBN 9280807455.
- ^ Steers, Richard M. (1999). Made in Korea: Chung Ju Yung and the Rise of Hyundai. United Kingdom: Routledge. pp. 109–117. ISBN 0415920507.
- ^ a b Page Error : 찾으시는 Page의 URL이 잘못되었거나 없습니다
External links