HJ Shipbuilding & Construction

South Korean shipbuilding company

Chosun Heavy Industries Co., Ltd. (1937–1949)
Korea Shipbuilding & Engineering Corporation (1949–1989)
Hanjin Heavy Industries & Construction (1989–2021)

Company typePublicIndustry

Shipbuilding
Defense

Founded1937; 87 years ago (1937)
in Korea, Empire of JapanHeadquartersBusan, South KoreaProductsLNG/LPG, Cable-laying, Container ship, icebreaker, Hovercraft, Marine police & Naval ShipsRevenue

US$ 2.44 billion (2013)^[1]

Operating income

US$ (97) million (2013) ^[1]

Net income

US$ (182) million (2013) ^[1]Total assets

US$ 6.45 billion (2013) ^[1]Total equity

US$ 1.58 billion (2013) ^[1]

Number of employees

2,569 (March 31, 2014)Parent

Hanjin (1989–2005)
Haemoro Group (2021–present)

Korean nameHangul

HJ중공업

Hanja

HJ重工業

Revised RomanizationHJ JunggongeopMcCune–ReischauerHJ Chunggongŏp Websitewww.hjsc.co.kr

HJ Shipbuilding & Construction Company, Ltd. (Korean: 주식회사 HJ중공업; Hanja: 株式會社HJ重工業), formerly Korea Shipbuilding & Engineering Corporation (대한조선공사; 大韓造船公社) and Hanjin Heavy Industries & Construction Co. Ltd. (주식회사 한진중공업; 株式會社韓進重工業), is a South Korean-based multinational shipbuilding company, founded in 1937 as Chosun Heavy Industries Co., Ltd. (조선중공업 주식회사; 朝鮮重工業株式會社).^[2]

Scandals

7 July, Thousands of protesters clashed with the police in a demonstration against layoffs in Yeong-do, Busan, and Police fired water cannons with diluted tear-water solution on the crowds after warning the crowds to disperse on the streets.^[3]^[4]

In late September, 2020, the Korea Development Bank (KDB), the main creditor and largest shareholder, announced it would sell all or part of its stake in HHIC. KDB owns 83.45 percent of shares in HHIC.^[5] On December 14, 2020, KDB announced that Dongbu Construction, Keithton Partners, and SM Merchant Marine are bidding to acquire HHIC.^[6]

In July 2021, the company announced that it had completed the second ship of the Dokdo-class amphibious assault ship for the Republic of Korea Navy, named the ROKS Marado.^[7]

References

^ ^a ^b ^c ^d ^e "Hanjin Heavy Indus & Const (097230:Korea SE)". businessweek.com. Retrieved September 10, 2014.^{[dead link]}
^ "About > Company History - HJ중공업". HJ Shipbuilding & Construction. Retrieved 31 July 2022.
^ Jiyeon Lee (July 11, 2011). "Protesters, police clash in South Korea". CNN. Retrieved July 15, 2011.
^ "최루액보다는 불법개입 '폭력버스'가 더 문제". 프런티어타임즈. July 13, 2011. Retrieved July 15, 2011.
^ Grevatt, Jon (30 September 2020). "South Korea's Hanjin up for sale". Janes. Retrieved 19 March 2021.
^ Grevatt, Jon (15 December 2020). "Korean investors line up bids for shipbuilder Hanjin". Janes. Retrieved 19 March 2021.
^ Lee Jun-sung (7 July 2021). "Hanjin Heavy Industries & Construction builds ROKS Dokdo and Marado". The Korea IT Times. Retrieved 2 Aug 2021.