Shipbuilding & Marine Industry
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Shipbuilding & Marine Industry
Ulsan's shipbuilding and marine industry produces KRW 15.27 trillion (as of 2023), accounting for 35% of ship production in Korea. Ulsan has HD Hyundai Heavy Industries, the world's largest shipbuilding and marine company, and Hyundai Mipo Dockyard, the world's fifth-largest shipbuilder. As such, Ulsan has solidified its position as a world-class shipbuilding and marine city.
HD Hyundai Heavy Industries has a facility that can produce 10,000,000 GT per year at 6.35 million square meters of yards. Hyundai Mipo Dockyard has an annual production capacity of 2,467,000 GT with four dry docks (Three 380×65 m / One 295×76 m). Going forward, Ulsan will continue to endeavor to make advancements, such as commercialization of ammonia, electric propulsion systems, and LNG storage systems to take the lead in technologies of the future ship market.
HD Hyundai Heavy Industries has a facility that can produce 10,000,000 GT per year at 6.35 million square meters of yards. Hyundai Mipo Dockyard has an annual production capacity of 2,467,000 GT with four dry docks (Three 380×65 m / One 295×76 m). Going forward, Ulsan will continue to endeavor to make advancements, such as commercialization of ammonia, electric propulsion systems, and LNG storage systems to take the lead in technologies of the future ship market.
Status of Ulsan’s Shipbuilding and Marine Industries (No.2 in Korea as of 2023)
Output(28.5%) - Ulsan: KRW 19,297,400 million, Korea: KRW 67,449,400 million
Added-Value(26.0%) - Ulsan: KRW 5,255,400 million, Korea: KRW 20,184,800 million
Number of Businesses(22.0%) - Ulsan: KRW 34.9 billion, Korea: KRW 158.9 billion
Number of Workers(28.0%) - Ulsan: KRW 4,590,000 million, Korea: KRW 16,383,100 million
Status of Shipbuilders in Ulsan (as of December 2019)
| Classification | HYUNDAI Heavy Industries | HYUNDAI Mipo Dockyard |
|---|---|---|
| Established | ’19. 6. 1. | ’75. 4. 28. |
| HQ | 1000, Bangeojinsunhwando-ro, Dong-gu | 100, Bangeojinsunhwando-ro, Dong-gu |
| Employees | 14,393 (as of Sep 2024) | 3,892 (as of Sep 2024) |
| Capacity | Site 6.35 million ㎡, Floor space 1.85million ㎡, 10 units of dry dock | Three 380×65m , One 295×76m, / 4 units of dry dock |
| Annual Production capacity | 10,000,000 GT(Shipbuilding), 16,000,000BHP (Engine machine), 1,200,000 GT (Offshore Plant) | 2,467,000 GT (Shipbuilding) |
| Total assets | 19.3909 trillion (as of Dec 2024) | 5.1088 trillion (as of Dec 2024) |
| Orders | 2,731,000 GT, No.4 with 14.7% domestic market share (as of Dec 2024) | 1,796,000 GT No.5 with 9.6% domestic market share (as of Dec 2024) |
| Sales | KRW 14.4764 trillion (as of Dec 2024) | KRW 4.63 trillion (as of Dec 2024) |
※[Reference] 2017 Business Report (Financial Supervisory Service official data)
