Yoon Young-jun, President of Hyundai Construction, "Commitment to Maximizing Shareholder Value and Securing Future Growth Engines"

Yoon Young-jun, CEO of Hyundai Engineering & Construction, pledged to focus on maximizing shareholder value and securing future growth engines.

In his greeting at the regular shareholders' meeting held on the 23rd, CEO Yoon said, "Through the amendment of the articles of incorporation at this shareholders' meeting, we will increase the predictability of dividends and thoroughly implement management strategies to maximize shareholder value."

Yoon Young-jun, President and CEO of Hyundai Engineering & Construction. [Photo by Hyundai Engineering & Construction]

Regarding this year's business environment, CEO Yoon forecasted that the recovery of oil prices will lead to the resumption of large-scale project orders and infrastructure expansion in Asia and emerging countries, which is positive. However, he also noted that fierce competition to secure the 4th industrial revolution and energy transition, global tightening, and the slowdown of the domestic real estate market will increase management burdens.

To overcome these challenges, CEO Yoon announced plans to secure future growth engines such as nuclear power plant decommissioning, Small Modular Reactors (SMR), carbon dioxide capture technology, and hydrogen production base construction. In particular, he expressed his ambition to expand into the renewable energy power brokerage business using an integrated platform in preparation for the energy transition era, aiming to become an energy-specialized company that considers the environment and the future.

He also presented plans to lead urban transformation by securing stable projects from major clients through globally recognized technological capabilities, developing marine and underground spaces using the largest-scale TBM (Tunnel Boring Machine) in Korea, and building smart mobility infrastructure.

Finally, CEO Yoon emphasized that investments in ICT safety technologies, including AI (Artificial Intelligence)-based systems, will be expanded to ensure thorough prevention of on-site accidents.

Meanwhile, Hyundai Engineering & Construction set this year's management goals at 29.009 trillion KRW in orders and 25.5 trillion KRW in sales through the shareholders' meeting held that day.