Hyundai Engineering and Construction

Infobox Korean name
hangul=현대 건설
hanja=現代建設
mr=Hyŏndae Kŏnsŏl
rr=Hyeondae Geonseol

Hyundai Engineering and Construction Co., Ltd. kse|000720 (abbreviation: HDEC or HEC) is a major construction company in South Korea which has carried out projects not only in Korea but around the world. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company, and was a major component of the Hyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999. [ [http://www.brl.pe.kr/news/19990515-hdec.htm Çö´ë°Ç¼³, ¿£Áö´Ï¾î¸µ ÇÕº´ ] ]

Hyundai Construction played a major role in the importation of Korean labourers to the Middle East to work on construction projects there in the 1970s and 1980s; in the decade following 1975, when Hyundai signed their first contract in the region, for construction of a shipyard for the Iranian Navy near Bandar-e Abbas, 800,000 Koreans went to work in Saudi Arabia, and another 25,000 went to Iran; Hyundai was their largest employer.cite conference|last=Seok|first=Hyunho|title=Korean migrant workers to the Middle East|booktitle=Migration to the Arab World: Experience of Returning Migrants|editors=Gunatilleke, Godfrey (ed.)|pages=56-103|publisher=United Nations University Press|date=1991|id=ISBN 9280807455] cite book|title=Made in Korea: Chung Ju Yung and the Rise of Hyundai|last=Steers|first=Richard M.|publisher=Routledge|pages=109-117|date=1999|location=United Kingdom|id=ISBN 0415920507]

The company was under creditors' management (Korea Exchange Bank being the largest creditor) from 2001 to 2006, as Hyundai Group was split into several entities. [ [http://times.hankooki.com/lpage/biz/200703/kt2007030621140211910.htm Page Error : 찾으시는 Page의 URL이 잘못되었거나 없습니다 ] ] As of March 2007, HEC is the main shareholder of Hyundai Merchant Marine, which is the de-facto holding company of Hyundai Group. Hyundai Group and Hyundai Heavy Industries (another spin-off from Hyundai Group) are both vying to purchase HEC. [ [http://times.hankooki.com/lpage/biz/200703/kt2007030621140211910.htm Page Error : 찾으시는 Page의 URL이 잘못되었거나 없습니다 ] ]

Major Hyundai Entities (formerly Hyundai Group)

* Hyundai
* Hyundai Motor Company, a division of Hyundai Motor Group
* Hyundai Heavy Industries
* Hyundai Asan, a division of Hyundai Group
* Hyundai Engineering and Construction
* Hyundai Department Store Group
* Hyundai Development Group
* Hyundai Electronics, renamed as Hynix in 2001

ee also

* Economy of South Korea
* List of Korea-related topics
* CentGas constortium

References

External links

* [http://www.hdec.co.kr Hyundai Engineering and Construction Korean website]
* [http://en.hdec.co.kr Hyundai Engineering and Construction English website]