Jeong Gi-seon "US MRO Business, Participation After Profitability Review"

The 2nd Korea-US-Japan Economic Dialogue
HD Hyundai's Confidence in 'Differentiation'

Jung Ki-sun, Vice Chairman of HD Hyundai Group, stated on the 4th regarding the U.S. naval vessel Maintenance, Repair, and Overhaul (MRO) business, "We plan to participate after reviewing the operational status and profitability of the special shipyard."

Jeong Gi-seon, Vice Chairman of HD Hyundai Group, is attending the '2nd Korea-US-Japan Economic Dialogue (TED)' held at the Grand Hyatt Hotel in Yongsan-gu, Seoul, on the morning of the 4th.
[Photo by Moon Chae-seok]

Before attending the '2nd Korea-U.S.-Japan Economic Dialogue (TED)' held at the Grand Hyatt Hotel in Yongsan-gu, Seoul, Jung conveyed this position to reporters.

Among domestic shipbuilders, Hanwha Ocean was the first to secure MRO orders. Recently, it won a maintenance contract for a naval auxiliary ship from the U.S. Navy, and on the 2nd, the 'Wally Schirra' docked at Hanwha Ocean's Geoje facility.

Regarding HD Hyundai's differentiated business competitiveness, Vice Chairman Jung confidently responded, "We do well," expressing confidence that even if they join the U.S. naval vessel MRO business later than Hanwha, they can fully make up for it.

HD Hyundai recently signed the first-ever Maintenance Service Repair Agreement (MSRA) with the U.S. Navy Supply Systems Command in Korea, securing the qualification to participate in MRO business bids not only for support ships under the U.S. Naval Sea Transportation Command for five years but also for U.S. Navy combat ships.

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