1 Welcome to Hyundai E&C interns!
Hyundai E&C recruited new interns and conducted a 12-week internship program in January 2022. For this program, a total of 104 interns were selected out of about 2,900 graduate-to-be from a four-year university or a graduate school through document screening and interviews. What is notable about this year’s internship program is that Korea’s primary builder significantly increased the number of interns recruited for building and safety areas in response to the change in the manpower demand in the domestic construction market. Starting with receiving an introduction training program on January 3, new interns were deployed to 67 construction sites for civil engineering, building and plant projects to have a wider understanding of construction sites during 12 weeks. Following several rounds of evaluation such as observation assessment, job assessment, problem solving assessment and overall interview, they will be newly hired about on March 25.
2 A venue for communication with partner companies
Regular meeting and management seminar for partner companies held Hyundai E&C held the regular meeting and management seminar for partner companies in Hotel Shilla, Seoul, on March 17.
The event, which marks its 11th anniversary this year, was conducted both online and on the ground due to the pandemic’s new conditions. About 30 participants of executives and staff members including CEO Yoon Young-joon as well as key officials of Hyundai E&C partner companies attended the event in person while about 370 including chief executives of outsourcing and procurement contractors watched the event broadcast live online. The event, aimed at boosting organic co-operation with the partner companies, commenced with H-Leaders general meeting, followed by CEO’s opening speech, award ceremony for excellent partners, management seminar, and luncheon meeting.
In particular, special sessions were well received by the participants: Hyundai E&C executives provided special lectures under the themes of Hyundai E&C Safety and Health Management Strat-egies for 2022, The Era of Great Transformation: Future of Construction Industry, and Hyundai E&C Procure-ment Strategies for 2022.
“Amid unclear market situations in 2021, Hyundai E&C could post re-cord-high revenue thanks to active cooperation with Hyundai E&C partner companies,” said CEO Yoon Young-joon. “I would like to request our partner companies to actively take part in our safety and quali-ty processes as Hyundai E&C is putting all-out efforts into the establishment of an advanced response system to safety and quality as a top priority.”
3 Hyundai E&C receives housing construction deals
Hyundai E&C was awarded a deal to build new accommodations in Siwha MTV Bandal Island, Korea’s first artificial island, on March 2. Hyundai E&C also received orders to refur-bish Gangchon Apartment in Yichon-dong, Yongsan-gu, Seoul, and redevelop Jangdae Zone B in Yuseong-gu, Daejeon, at the end of February.
4 Hyundai E&C wins 2021 Deals of the Year Awards
Hyundai E&C won Structured Financing of the Year Category at the 2021 Deals of the Year Awards of LatinFinance on March 10, the first of its kind among Korean builders.
The financial agreement signed in July last year for the Panama Metro Line 3 construction project was considered the largest transaction in the history of the country’s infrastructure construction, and the structured financing was participated in by financial institutions around the globe from Asia, Europe and the U.S., explained LatinFinance. The Panama Metro Line 3 construction deal is designed to connect Panama City and the western Arraiján region.
5 The 2022 Hyundai E&C Technology Awards to receive entries
Hyundai E&C is holding the Hyundai E&C Technology Awards with the aim to take the initiative in discovering institutions with excellent tech-nology and developing future construction technology.
This year, Hyundai E&C receives entries from domestic companies, universities and research institutions from March 1 to April 15. The entries can apply for the categories such as cost-saving technology (development of civil engineering, building, housing and plant construction methods and equipment) and differentiated construction technology (smart construction and new growth businesses). Related documents can be submitted at www.hdec.kr. The accepted entries will go through document screening in May and June and presentation in July, and final winners will be announced in September.
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