HD Hyundai Marine Solution enters KOSPI... "As a digital solution platform company"

Vice Chairman Jeong Gi-seon and CEO Lee Gi-dong Attend

HD Hyundai Marine Solutions, a comprehensive solution company in the marine industry sector of HD Hyundai, was listed on the Korea Composite Stock Price Index (KOSPI) on the 8th.

On the morning of the same day, HD Hyundai Marine Solutions held a listing ceremony at the Korea Exchange in Yeongdeungpo-gu, Seoul, attended by Jung Ki-sun, Vice Chairman of HD Hyundai, Lee Ki-dong, CEO of HD Hyundai Marine Solutions, Jung Eun-bo, Chairman of the Korea Exchange, and Kim Sung-hyun, CEO of KB Securities.

The event began with a 'drum performance' where CEO Lee Ki-dong struck a large drum. Vice Chairman Jung Ki-sun and CEO Lee Ki-dong together pressed the trading start bell to announce the beginning of stock trading.

On the first day of listing, the opening price of HD Hyundai Marine Solutions was set at 119,900 KRW, 43.8% higher than the public offering price of 83,400 KRW. As of 2:53 PM that day, HD Hyundai Marine Solutions was trading at 150,700 KRW, up 67,300 KRW (80.8%) from the public offering price.

HD Hyundai Marine & Solutions KOSPI Listing Ceremony. Jung Ki-sun, Vice Chairman of HD Hyundai (fifth from the left), Jung Eun-bo, Chairman of Korea Exchange, Lee Ki-dong, CEO of HD Hyundai Marine & Solutions

HD Hyundai Marine Solutions was established as an independent corporation in 2016 to respond to the increasing demand in the ship aftermarket (AM). It provides total solutions across the entire lifecycle of ships, including ▲ship AM ▲eco-friendly ship retrofitting ▲ship digital control and platforms ▲bunkering.

HD Hyundai Marine Solutions plans to use the funds raised through the listing to ▲build and advance logistics centers ▲secure domestic and overseas port warehouses ▲acquire ship management companies ▲establish cloud management systems ▲build a repair shipyard network, aiming to lead the global eco-friendly ship retrofitting market and accelerate its transformation into a digital solution-based platform company.

CEO Lee Ki-dong said, "I feel a heavy responsibility standing at the starting line for a new leap forward," adding, "We plan to grow into a company that discovers the infinite possibilities of the sea."

Previously, HD Hyundai Marine Solutions recorded a competition rate of 255.8 to 1 in the public offering subscription for general investors held from the 25th to the 26th of last month. Approximately 25 trillion KRW in subscription deposits were gathered, setting the largest record in this year’s IPO market.

On the day of listing, HD Hyundai Marine Solutions published its first integrated report covering major management achievements over the past year. Through this, HD Hyundai Marine Solutions declared its ESG vision system and carbon neutrality implementation roadmap both internally and externally, aiming to establish its stature as a listed company.