"Securing Future Talent and Investing in Safety and Quality"… Hyundai Construction Establishes '2025 Strategy'

[Asia Economy Reporter Yuri Kim] Hyundai Engineering & Construction announced on the 19th that it has established the 'Hyundai E&C 2025 Strategy' to expand its global competitiveness. To leap into the global top-tier construction companies by 2025, the company plans to establish future investment strategies including ▲ securing future talent ▲ site management focused on safety and quality ▲ expanding smart construction ▲ promoting new businesses.

Hyundai E&C will expand personnel in design, future technology, safety, and quality fields to about 40% of the total workforce by 2025. To this end, it will increase design and future technology personnel, currently about 10% of the total workforce, to over 20%, and secure safety and quality personnel at about 20% of the total workforce. The company stated, "We will strengthen plant detailed design, basic design, and FEED (Front-End Engineering Design) capabilities, and enhance civil engineering, architecture, and housing design analysis capabilities to secure world-class human competitiveness." To achieve this, Hyundai E&C plans to secure excellent design talent through strategic recruitment of talents from advanced EPC (Engineering, Procurement, and Construction) companies and global comprehensive construction companies, as well as internal design talent development. The company will improve work environments and strengthen design capabilities by securing talent and reinforcing organizations for applying Building Information Modeling (BIM) technology.

Hyundai E&C will also strengthen site safety by reorganizing safety organizations and systems at all domestic and overseas sites and significantly increasing investments. The company plans to increase safety management costs by more than 100 billion KRW. It will also mandate safety certification acquisition for site managers, aiming to secure about 1,000 safety experts, which is about 20% of the total workforce, by 2025.

The company will expand dedicated safety inspection teams and operate a permanent inspection organization called '365 Safety Patrol' for safety inspections and education, focusing on intensive safety inspections and quality standards for industrial accidents with high severity and frequency such as falls, drops, collisions, collapses, electric shocks, fires, and suffocation. Hyundai E&C will spread the introduction of smart safety technologies to all sites and strengthen safety management using 4th industrial revolution smart technologies.

Hyundai E&C also added that it will continuously innovate by transforming the construction framework itself through the application of smart technologies such as ICT (Information and Communication Technology) convergence and manufacturing production method construction technologies. In the future, the company plans to utilize digital equipment such as drones and 3D LiDAR (light detection and ranging)-based high-precision inspections at all sites, expand 3D-based construction management, and establish data-driven decision-making systems to fundamentally change existing site management methods.

The company also plans to actively promote new businesses. Hyundai E&C stated, "In line with the growing social interest in low-carbon and eco-friendly economies, we will expand eco-friendly businesses such as hydrogen fuel power generation, offshore wind power, tidal power, smart farms, biogas, and contaminated soil remediation." It added, "Reflecting the trend of rapidly increasing consumer interest in health issues such as ultrafine dust and climate change, we will also promote eco-friendly businesses such as smart farm technologies that enable the cultivation of various leafy vegetables within apartment complexes."

Hyundai E&C President Dongwook Park emphasized, "Hyundai E&C will continue to achieve changes and innovations in the existing construction paradigm and grow into a sustainable company through advanced future investment strategies, thereby enhancing its status as a global top-tier company."

This content was produced with the assistance of AI translation services.