HD Hyundai Group Chairman Kwon Oh-gap demanded the shipbuilding business make the most of opportunities to cooperate with the United States to cope with the Chinese competition.
Chmn. Kwon made the remarks while delivering his New Year’s message on Dec. 31.
“The shipbuilding business, a core part of our group, has to ponder in a new way different from the current one,” he said.
“There are some people who do not take the Chinese shipbuilding industry seriously, but it is not at all, and Chinese shipyards are making inroads into the market by leveraging their unit price competitiveness,” Chmn. Kwon said.
Chmn. Kwon said, “We have to make the most advanced ships in which China cannot catch up by further optimizing three core areas – technology development, design and production, while at the same time, HD Hyundai will have to implement strategies to recapture the previous market, being eaten away by China.”
Citing issues like declining population and production technology transfer, Chmn. Kwon said “Amid the situation, cooperation in the shipbuilding sector with the United States may be seen as new opportunities for us.”
“We have to find our advantage while dealing with it in a cool fashion, and we will make it by demonstrating our experiences and expertise, and our government needs to closely cooperate so that the Team Korea-shipbuilding’s capabilities can be played to our optimal level,” he said.
Chmn. Kwon said, “The heart of the matter is technology innovation, and in order to secure technology innovation, our group keeps on focusing on nurturing design, development and research manpower with a focus on global R&D center, and we will continue to recruit manpower.”
“I pray for the repose of the souls of those who were killed in the crash of an aircraft and offer words of consolation to their bereaved families,” Chmn. Kwon said.
He urged his executives and staff to pay heed to safety values. “Safety is the most significant thing at not only the three shipyards but all production spots.”
In particular, he called for the Daesan plant of HD Hyundai Oil Bank, with many old facilities, to pay more attention to safety.
Participants clap in a signing ceremony to celebrate the delivery of the ROKS Jeongjo the Great at HD Hyundai Heavy Industries' shipyard in Ulsan, last Nov. 27.
HD Hyundai Heavy Industries Delivers World-Class Aegis Destroyer, ‘Jeongjo the Great’
HD Hyundai Heavy Industries (HHI) delivered its industry-leading Aegis destroyer ‘Jeongjo the Great’ to the Republic of Korea (ROK) Navy.
HHI announced on Nov. 27 that it held a delivery ceremony for the leading ship of the 8,200-ton Aegis destroyer (Batch-Ⅱ), ‘Jeongjo the Great’.
The delivery ceremony was attended by Deputy Minister of Current Capabilities Program Agency of the Defense Acquisition Program Administration (DAPA), Jo Hyeon-gi, Director of the Naval Planning and Management Department of the Republic of Korea Navy Headquarters, Gwak Gwang-seop (Read Admiral Upper Half), Commander of the 8th Naval Combat Training Flotilla, Park Tae-gyu (Read Admiral Lower Half), Vice Chairman of the Ulsan Metropolitan Council, Kim Jong-seob, HD Hyundai Heavy Industries President, Lee Sang-kyun, and Head of Naval and Special Ship, Joo Won Ho among many distinguished guests.
The Consul of the United States of America Consulate in Busan, Nolan Barkhouse, the Ambassador of Ecuador to Korea, Patricio Esteban Troya Suarez, Charge d’Affaires of the Polish Embassy in Korea, Artur GRADZIUK, and delegates from Peru, Morocco, Chile, and Thailand were also present.
HHI is finalizing the construction of the second ship of the ‘Jeongjo the Great’, which is set to be launched next year, and began constructions for the third ship last October.
Additionally, HHI is leading naval ship exports with the Philippine Navy’s corvette scheduled for delivery next year, and the commencement of local cooperative development for four vessels for the Peruvian Navy.
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