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.
■ Growth that lasted for 77 years
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
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
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
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.