HD Hyundai Vice Chairman Jeong Gi-seon
Introduction to Shipbuilding Business Status and Technology
HD Hyundai Vice Chairman Jung Ki-sun is introducing the HD Hyundai Heavy Industries special shipyard and the warships under construction to Carlos Del Toro, U.S. Secretary of the Navy. Photo by HD Hyundai
Carlos Del Toro, the U.S. Secretary of the Navy, currently visiting Korea, personally inspected the shipbuilding capabilities of HD Hyundai Heavy Industries, a leading domestic naval defense company.
On the 27th, HD Hyundai Heavy Industries announced that Secretary Carlos Del Toro visited their Ulsan headquarters.
On this day, HD Hyundai Vice Chairman Jung Ki-sun met with Secretary Carlos Del Toro to directly introduce the current status and technological capabilities of HD Hyundai Heavy Industries' naval ship business and discussed ways to strengthen cooperation.
After touring the HD Hyundai shipyard, Secretary Del Toro visited the special shipyard where warships are constructed. At the special shipyard, he examined major warships being built by HD Hyundai Heavy Industries, including South Korea’s next-generation Aegis destroyer "Jeongjo Daewangham" and the new frigate "Chungnamham," which are in the final stages of preparation for delivery this year.
The United States is reportedly considering shifting some of its naval ship maintenance, repair, and overhaul (MRO) workload overseas due to saturation of MRO capacity on the mainland.
In preparation for this, HD Hyundai Heavy Industries applied for the MSRA (Master Ship Repair Agreement), a qualification for maintaining and repairing U.S. Navy ships, last year and reportedly completed a yard inspection earlier this year.
In 2022, HD Hyundai Heavy Industries established a logistics support center in the Philippines, becoming the first domestic shipbuilding company to enter the overseas MRO business.
Additionally, HD Hyundai Heavy Industries currently holds orders for two patrol ships and six frigates in the Philippines, and has secured a total of 14 overseas warship orders, the highest number among domestic companies to date.
Meanwhile, HD Hyundai Heavy Industries is playing a key role in protecting South Korea’s territorial waters by building over 100 state-of-the-art warships, including all three of the Republic of Korea Navy’s next-generation Aegis destroyers.
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