ULSAN < invest Korea

The shipbuilding & marine industry in Ulsan recorded USD 980 billion in orders in 2013. The industry also accounts for 33% of Korea's total production, making Ulsan the largest shipbuilding & marine city in the world. Hyundai Heavy Industry, the world’s largest shipbuilder, and Hyundai Mipo Dockyard, the world’s 5th largest shipbuilder, are located in Ulsan. HHI is sited on an area of 6.04 million ㎡ with a production capacity of an annual 9,200 thousand GT. HMD can produce 1,191 thousand GT a year, allowing it to be the 5th largest in the world in terms of production volume. Ulsan will strive to become the most powerful shipbuilding & marine country in the world by developing FPSO, LNG, and shale gas carriers in the future.