HD Hyundai Heavy Industries History, CEO, Future, Stock Price Analysis

HD Hyundai Heavy Industries is a heavy industrial company in South Korea and operates various businesses such as shipbuilding, offshore plant, machinery, construction, energy, engineering, and finance.

1. History of HD Hyundai Heavy Industries

On December 18, 1972, Hyundai Shipbuilding Industry was founded by Hyundai Group founder Chung Ju-young. Hyundai Shipbuilding & Marine Engineering changed its name to Hyundai Heavy Industries on January 1, 1973, and in December 1974, it built the world's first 100,000 DWT tanker. Hyundai Heavy Industries has continued to grow steadily since then, taking the lead in the global shipbuilding market, building 300,000 DWT tankers in 1976, 500,000 DWT tankers in 1978, and LNG carriers in 1980. In 1985, Hyundai Heavy Industries built the world's first 1 million DWT tanker, changing the landscape of the global shipbuilding market. In addition, Hyundai Heavy Industries succeeded in building the world's largest ship, including 1.5 million DWT tankers in 1986, 2 million DWT tankers in 1990, 3 million DWT tankers in 1993, 5 million DWT tankers in 1997, and 10 million DWT tankers in 2000. Hyundai Heavy Industries has global competitiveness in the field of marine plants. Hyundai Heavy Industries won the world's first liquefied natural gas (LNG) liquefaction plant in 2007, drawing attention from the global marine plant market. In addition, Hyundai Heavy Industries has continued to grow in the marine plant sector, winning orders for four of the world's largest LNG carriers in 2010 and the world's largest FPSO (floating oil production, storage, and unloading facilities) in 2012.

2. CEO of HD Hyundai Heavy Industries

CEO of HD Hyundai Heavy Industries is Jung Ki-sun. President Jung Ki-sun was born in Seoul on January 23, 1977. He graduated from Seoul National University's Department of Shipbuilding Engineering and earned a master's degree in business administration from MIT in the United States. After joining Hyundai Heavy Industries, he served as CEO of Hyundai Heavy Industries' U.S. subsidiary, vice president of Hyundai Heavy Industries' engine machinery division, and vice president of Hyundai Heavy Industries. In March 2020, he was inaugurated as the president of Hyundai Heavy Industries. President Jung Ki-sun is leading Hyundai Heavy Industries' innovation for strengthening its global competitiveness and future growth. He is doing his best to make Hyundai Heavy Industries the world's best shipyard.

3. Future of HD Hyundai Heavy Industries

HD Hyundai Heavy Industries holds a leading position in the global shipbuilding market and is expected to become a global leader through continuous growth. Hyundai Heavy Industries is discovering future growth engines such as eco-friendly ships, smart shipyards, and offshore plants and expanding investment. In addition, Hyundai Heavy Industries is strengthening its competitiveness by incorporating 4th industrial revolution technologies such as artificial intelligence and big data into the shipbuilding industry. Through these efforts, Hyundai Heavy Industries is expected to maintain its leading position in the global shipbuilding market and lead future growth.

4. HD Hyundai Heavy Industries Stock Price Analysis

HD Hyundai Heavy Industries' stock price is expected to continue to rise in 2023. Hyundai Heavy Industries is discovering and expanding future growth engines such as eco-friendly ships, smart shipyards, and marine plants, and strengthening its competitiveness by incorporating 4th industrial revolution technologies such as artificial intelligence and big data into the shipbuilding industry. Through these efforts, Hyundai Heavy Industries is expected to maintain its leading position in the global shipbuilding market and lead future growth. However, the stock price of Hyundai Heavy Industries can be affected by various variables such as economic fluctuations, international oil prices, and exchange rates. Therefore, it is important to look at these variables carefully before deciding to invest.

HD Hyundai Heavy Industries