
Dear our customers and partners, Since its inception in 1947, Hyundai E&C has been taking the leading role in the nation’s development initiatives, such as the post-war recovery during the 1950’s and government-led growth policies during the 1970’s, firmly positioning itself as industry bellwether in Korea. In this regard, the history of our company can be said to be that of the country’s building industry.
The growth story of our company is still being heard. In 2008, it post-ed record high results in contract awards, sales, and earnings. In 2009, it was selected as the No. 1 builder in construction capabilities, which are comprehensively assessed based on factors like project experi-ence, financial position, technological ability, and credit ratings.
The remarkable performance comes from the entrepreneurship of Chung Ju-yung, the late founder of Hyundai Group. At the heart of the entrepreneurship, ceaseless chal-lenge and creative wisdom will continue to help us make changes and innovations across the company,thus leading us to become one of the world renowned compa-nies.
Currently, we see industry paradig-m change in a way never seen before. That is, the industry has shifted its focus from labor-intensive works to technology-intensive works that are combined with sophisti-cated finance and cutting-edge IT expertise. In these circumstances, we will lead the shift in paradigm with our relentless challenging spirit.
As a first step, we will reorganize the company from top to bottom, getting it prepared to play a leading role in future building industry by reinforcing its competencies in design engineering, procurement, construction management (CM) and project management (PM).
As the forerunner in low carbon green technology, we will have all of our resources available to explore opportunities to develop renewable energy, such as nuclear power, desalination, wind, hydro, tidal, bio-energy, and solar power.
On behalf of Hyundai E&C,
I would like to take this opportunity to ask all of you to show continued affection and support because I believe that all of the above can not be brought into life without your affection and support. In return, we, at Hyundai E&C, will continue to do the best we can to meet, or even exceed, the needs of our customers and partners.
Thank you.
