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[77th anniversary] Data-based glimpse of 77 years of Hyundai E&C

3 Jun 2024 3min 36sec

Hyundai E&C that started as Hyundai Civil Works Company in 1947 is celebrating its 77th anniversary this year. Hyundai E&C grew alongside the history of Korea while reconstructing the cities after liberation and laying the groundworks for industrialization. Let us take an at-a-glance view of the accomplishments made by Hyundai E&C for 77 years through an infographic. 

Data-based glimpse of 77 years of Hyundai E&C  Constructing our past, present and the future



Growth that lasted for 77 years

Number of employees and executives 1947 10 employees 2024 7,204 employees *Based on business report Revenue trend by year (Unit: KRW 100 mil) 1963 436 1970 4,410  1980 10,580  1990 19,420 2000 63,849 2010 100,046 2023 296,514 *Based on 60-year history of Hyundai E&C and disclosures [Founding Chairman Chung Juyung signing theNumber of employees and executives 1947 10 employees 2024 7,204 employees *Based on business report Revenue trend by year (Unit: KRW 100 mil) 1963 436 1970 4,410  1980 10,580  1990 19,420 2000 63,849 2010 100,046 2023 296,514 *Based on 60-year history of Hyundai E&C and disclosures [Founding Chairman Chung Juyung signing the construction contract with US Forces] construction contract with US Forces]


On May 25th, 1947, Hyundai E&C was founded with the hanging of the signboard, ‘Hyundai Civil Works Company’ at the entrance of the building of ‘Hyundai Auto Service(現代自動車工業社) that was located on 106th street, Cho-dong, Jung-gu, Seoul. At the time, Hyundai Civil Works Company only had 10 or so technicians and one engineer who was formerly a teacher. The project won on the first year of establishment was worth KRW 1.53 million. It was not a grand start, but Hyundai E&C smoothly settled itself in the civil works market after liberation, where a fierce competition was being carried out. 77 years have passed since then, and now, Hyundai E&C grew to become a global construction company representing Korea with more than 7,000 employees and revenue amounting to KRW 30 trillion won, and it is continuing to expand its scope and roles in the construction industry.  


■ Informing the world about the potential of K-construction 


Overseas projects won Entered into 61 overseas countries (Excluding Antarctica) 854 overseas construction projects Overseas projects won by year Cumulative value for overseas construction USD 144,280,180,000 (15% of the cumulative value of overseas projects won by domestic construction companies) Cumulative value of overseas projects won by year  1965 First overseas construction project won in Korea  1975 Project won for Jubail Industrial Port in Saudi Arabia  2006 Reached USD 50 billion  2008 Reached USD 60 billion  2011 Reached USD 80 billion 2013 Reached USD 100 billion 2023 Reached USD 140 billion Cumulative value of overseas projects won by region (Unit: USD 1,000) North America/Pacific 1,511,598 Latin America 11,317,981 Europe 3,782,077 Africa 321,044 Middle East 82,141,511 Asia 45,205,969 *Based on OCIS of ICAK as of 2024.03.31


In 1965, Hyundai opened doors to overseas entrance by Korean construction by winning project to construct the Pattani Narathiwat highway in Thailand, and until now, it executed more than 850 projects in 61 nations (62 including Antarctica) to demonstrate its potential. In particular, after joining Hyundai Motor Group in 2011, it formed a steep growth curve in overseas projects, and in 2013, it achieved USD 100 billion in cumulative amount from overseas projects for the first time as a Korean construction company. Hyundai E&C is not only expanding its global influence in Middle East and Asia but also across the Americas continent, Europe and CIS, and it is once again marching forward toward the unprecedented record of achieving USD 150 billion in cumulative amount won with overseas projects. 


■ Leading the living space

Number of homes supplied by Hyundai E&C 1961~2023 487,000 homes [Front view of Mapo Apartment, the first complex-type apartment in Korea] Leading the residential culture of Korea 1964~ First complex-type apartment in Korea – Mapo Apartment (1964)  Legendary high-rise/large complex apartment - Apgujeong-dong Hyundai Apartment (1987)  Leading the era of apartment brands - The H, Hillstate NO.1 in Urban maintenance  [Aerial view of high-end residential The H Yeouido First] Ranked 1st place in winning projects on urban maintenance for 5 years in a row 2019-2023 KRW 27.1 trillion won in 5 years *Housing Business Division


The first complex-type apartment in Korea is Mapo apartment consisting of 10 buildings that emerged in the Dohwa-dong region of Mapo-gu, Seoul, in 1964. With this construction as a starting point, Hyundai E&C contributed in ushering in the apartment era in Korea, and since then, it supplied staggering 500,000 homes in the form of apartments to lead the residential advancement in Korea. ‘Hyundai’ including Hyundai Apartment and Hyundai Hometown boasts of strong brand power to the extent that it is commonly known as the icon of apartments, and this continued with Hillstate in 2006 and premium brand The H in 2015, proposing new values and standards for residences. Such efforts of Hyundai E&C led the company to rank 1st place in winning the urban maintenance project for 5 years in a row from 2019 to 2023, further solidifying its position. 


■ Constructing a better tomorrow with exceptional technological capabilities

Global projects ranging from living infrastructure to industrial facilities 247 buildings 157 industrial facilities (plants) 91 power transmission projects 87 constructions of ports 54 road projects 16 railroad projects Large-scale nuclear power plants Constructed 67% of nuclear power plants constructed in Korea Power Plants in Korea Out of 32, 20 were constructed by Hyundai E&C Overseas exports Hyundai E&C constructed 100% of 4 nuclear power plants  Next-generation energy conversion of the future Nuclear SMR design and construction, decommissioning of nuclear power plants Hydrogen Hydrogen production, power generation plant Renewable energy, Photovoltaic, onshore/offshore wind power, ESS


Hyundai E&C is actively taking part in construction of infrastructure that changes our lives. In addition to projects in Korea, it executed overseas mega projects to further elevate its stature, and the Hyundai E&C is involved in diverse types of projects, ranging from landmark structures of various nations such as hotels, hospitals and museums, to marine and port constructions that were known to have expanded the national territory of Singapore by outstanding 7% and large-scale plant constructions like Amiral project that recorded more than USD 5 billion. Recently, following the Barakah Nuclear Energy Plant of UAE, the first nuclear power plant to be exported from Korea, Hyundai E&C is expected to win projects in Bulgaria as well, and thus, the trajectory for large-scale nuclear power plants is also gaining traction. Moreover, Hyundai E&C is doing its utmost in securing competitiveness in the next generation energy sector including SMR, renewable energy such as photovoltaic and offshore wind power, and hydrogen production base. Eyes are on how far Hyundai E&C will advance in terms of its growth and challenging spirit that transcends limits. 


77th anniversary: 77 years of Hyundai E&C at a glance based on data  Hyundai E&C that started as Hyundai Civil Works Company in 1947 and grew to become a global leader in construction while executing more than 850 construction projects in 61 countries.  We would like to show the at-a-glance view of the 77 year long journey of Hyundai E&C that walked alongside the history of Korea while reconstructing the post-war cities and laying the groundwork of industrialization.   Number of employees and executives From 10 employees to 7,000 1947 10 employees 2024 7,204 employees Revenue trend by year (Unit: KRW100 mil) 1963 436 1970 4,410  1980 10,580  1990 19,420 2000 63,849 2010 100,046 2023 296,514 Overseas projects won (Unit: USD 1,000) North America/Pacific 1,511,598 Latin America 11,317,981 Europe 3,782,077 Africa 321,044 Middle East 82,141,511 Asia 45,205,969 1965 First overseas construction project won in Korea  1975 Project won for Jubail Industrial Port in Saudi Arabia  2006 Reached USD 50 billion  2008 Reached USD 60 billion  2011 Reached USD 80 billion 2013 Reached USD 100 billion 2023 Reached USD 140 billion Overseas projects won Entered into 61 overseas countries (excluding Antarctica) 854 overseas construction projects Overseas projects won by year USD 144,280,180,000 *Based on OCIS of ICAK as of 2024.03.31  Global projects 247 buildings 157 industrial facilities (plants) 91 power transmission projects 87 constructions of ports 54 road projects 16 railroad projects Energy From being the first to export a nuclear power plant in Korea to leading in renewable energy and the SMR market Out of 36 nuclear power plants constructed by Korean companies at home and abroad, 24 were constructed by Hyundai E&C Remaining 12 67% were constructed by Hyundai E&C  Housing Total volume supplied 487,000 homes (1961-2023) Ranked 1st place in urban maintenance projects for 5 years in a row  KRW 27.1 trillion (2019-2023) 1947 Established Hyundai Civil Works Company 1950 Established Hyundai Engineering and Construction Company 1955 Completed the restoration work of Goryeong Bridge  1958 Completed the restoration work of Hangang Pedestrian Bridge (Hangangdaegyo) 1961 Completed the construction of the thermal power plant for Honam Fertilizer Plant 1964 Completed Mapo Apartment construction 1965 Won project to construct the Pattani Narathiwat highway in Thailand  1970 Completed the construction of Gyeongbu Expressway and Namsan 1 Tunnel 1971 Completed the construction of N Seoul Tower 1974 Opened Seoul Subway Line 1 1976 Won project to construct the Jubail Industrial Port in Saudi Arabia 1978 Completed the construction of Gori Nuclear Power Plant Unit and the Riyadh Substation in Saudi Arabia 1982 Completed the construction of Doha Sheraton Hotel in Qatar 1984 Seosan reclamation work involving the oil tanker method 1985 Completed the construction of Penang Bridge in Malaysia 1987 Completed the construction of Apgujeong-dong Hyundai Apartment  1988 Completed the construction of King Sejong Station in Antarctica 1990 Completed the construction of the Terminal 2 of the Changi International Airport in Singapore 1992 Completed the construction of the building of the Ministry of Interior of Saudi Arabia, the main building of the Blue House and the South-North highway in Malaysia 1995 Completed the construction of Seogang Bridge 1996 Completed the construction of Hanbit Nuclear power plants 3 and 4 1997 Completed the construction of Suntec City Singapore  2002 Completed the construction of Riyadh-Qassim transmission line 2005 Completed the construction of South Pars Gas Field (Phase 4-5) in Iran 2006 Launched Hillstate 2009 Won projects for the construction of UAE nuclear power plant  2011 Joined Hyundai Motor Group 2013 Reached KRW 100 billion in cumulative value of overseas projects won  2014 Completed the construction of Jangbogo Research Station in Antarctica 2016 Completed the construction of the 3rd Bosphorus Bridge in Turkey 2017 Completed the construction of Lusail Expressway in Qatar 2018 Completed the construction of Sheikh Jaber Causeway suspension bridge in Kuwait  2021 Opened the Boryeong Undersea Tunnel and entered into an exclusive global agreement with Holtec in US for SMR (small modular reactors) 2022 Chosen to build the water electrolysis-based hydrogen production base for the first time in Korea 2023 Won Amiral Project of Saudi Arabia 2024 Selected as the preferred bidder for large nuclear power plant in Bulgaria