HD Hyundai Holds Two-Day Group Management Strategy Meeting: "Aiming for 100 Trillion Won in Revenue Within 5 Years"

Companywide Restructuring... 32 Executives Including Chairman Chung Ki-sun Attend
Ahead of Shipbuilding and Construction Equipment Mergers
"Securing Competitive Edge"
On Underperforming Refining and Petrochemicals
"Expanding High Value-Added Products"

HD Hyundai held a group "management strategy meeting" to devise future strategies in response to the rapidly changing global business environment. HD Hyundai announced its goal to achieve 100 trillion won in revenue by 2030 by strengthening its competitiveness across all sectors.

On December 4, HD Hyundai stated that it held the management strategy meeting at HD Hyundai Heavy Industries in Ulsan for two days, starting from December 3. The meeting was attended by 32 executives and presidents from major affiliates, including Chairman Chung Ki-sun, HD Hyundai Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, and HD Hyundai Oilbank. During the meeting, Chairman Chung emphasized, "This is a very important time for our group's transformation and leap forward," and added, "We must face the harsh realities confronting our core businesses with clear eyes, and our leaders must leverage HD Hyundai's unique drive to prepare for the future."

Jung Ki-sun, Chairman of HD Hyundai. Photo by Yonhap News

This discussion was organized to establish a foundation for sustainable growth, taking into account changes in the external environment such as the slowdown in shipbuilding orders, the strengthening of protectionism in the United States, Europe, and China, and the intensified competition from Chinese companies. Through the meeting, HD Hyundai reviewed strategies for all sectors-shipbuilding, construction equipment, energy, and new businesses-and presented a mid- to long-term vision focused on accelerating eco-friendly, digital, and artificial intelligence (AI) transitions, enhancing global competitiveness in core businesses, and fostering new growth areas. In particular, the company officially set its goal of achieving 100 trillion won in group revenue within the next five years.

In the shipbuilding sector, the strategy is to maintain global leadership in order volume and secure a competitive edge through the merger of HD Hyundai Heavy Industries and HD Hyundai Mipo Dockyard. For construction equipment, the plan is to maximize the synergy from the merger of HD Hyundai Construction Equipment and HD Hyundai Infracore, thereby actively expanding global market share. The integrated HD Construction Equipment is scheduled to launch in January next year.

For the refining and petrochemical business, which has recently been underperforming, the company aims to restore cost competitiveness and increase the proportion of high value-added products to normalize profitability.

In the power equipment business, the strategy is to expand production capacity to meet rising global demand and solidify market presence in key product groups such as medium- and low-voltage circuit breakers. The company also outlined plans to systematically foster future growth businesses-including robotics, autonomous navigation, electric propulsion, fuel cells, and small modular reactors (SMRs)-to secure mid- to long-term growth engines.

An HD Hyundai representative stated, "This roadmap is not just a set of goals, but a leap-forward strategy that embodies our determination to execute," and added, "Starting in 2026, we will maximize the growth potential of all businesses and accelerate the achievement of our mid- to long-term objectives."