Common Stock Dividend of 600 Won
Board Director Compensation Limit Approved at 5 Billion Won Annually
Hyundai Construction has set a target order amount of 2.9 trillion KRW for this year.
On the 21st, Hyundai Construction held the 74th regular shareholders' meeting at its headquarters in Gye-dong, Jongno-gu, Seoul.
Hyundai Construction held the 74th regular general meeting of shareholders on the 21st at its headquarters in Gyedong, Jongno-gu, Seoul. [Photo by Hyundai Construction]
CEO Yoon Young-jun stated, "We achieved over 30 trillion KRW in new orders for two consecutive years by securing global large-scale projects such as Saudi Amiral Petrochemical and the Georgia battery plant in the U.S., as well as domestic projects like Shinhanul Nuclear Power Units 3 and 4 and GTX-C, based on our overwhelming technological competitiveness. This year, we have set our management goals at 28.99 trillion KRW in orders and 29.7 trillion KRW in sales, using the valuable achievements from last year as a stepping stone for another leap forward."
Hyundai Construction will intensify its overseas market expansion this year, focusing on high value-added businesses. Leveraging the technological expertise proven through the Shinhanul Nuclear Power Units 3 and 4 orders, the company plans to expand its business into European markets such as Bulgaria and Romania. It is also aiming to secure a leading position in the global SMR market in the U.S. and Europe.
The company will also take the lead in the future low-carbon clean energy transition. CEO Yoon said, "We will promote the commercialization of core technologies secured through national demonstration projects in the fields of electrolytic hydrogen production and carbon capture, utilization, and storage (CCUS). Along with advancing green hydrogen production technology using nuclear power plant waste heat and biogas, we will strive to dominate the hydrogen energy market."
Additionally, Hyundai Construction plans to contribute to the improvement of future residential welfare through software-centered living spaces. CEO Yoon stated, "We will commercialize the ‘All Life Care House’ based on AI genetic analysis that considers customers' health and convenient daily life. We will also build integrated solution technologies by developing specialized floor plans that control vibration and noise, as well as materials to reduce noise between floors, thereby contributing to the enhancement of future residential welfare."
Meanwhile, at the shareholders' meeting, Hyundai Construction allocated 67.5 billion KRW for shareholder dividends, deciding on 600 KRW per common share and 650 KRW per preferred share.
Following the approval of the 74th financial statements, the first agenda item of this shareholders' meeting, four other proposals were passed: reappointment of inside director CEO Yoon Young-jun and new appointment of Kim Do-hyung as head of the finance division, reappointment of outside director Professor Cho Hye-kyung as a member of the audit committee, and approval of the director remuneration limit (50 billion KRW annually, unchanged from the previous year).
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