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Shipbuilding & Marine Industry

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Shipbuilding & Marine Industry

Ulsan's shipbuilding and marine industry produces KRW 11.467 trillion (as of 2021), accounting for 26% 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 2,500,000 GT per year at 6.35 million square meters of yards. Hyundai Mipo Dockyard has an annual production capacity of 1.55 million tons 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.
Shipbuilding & Marine Industry Shipbuilding & Marine Industry

Status of Ulsan’s Shipbuilding and Marine Industries (No.2 in Korea as of 2021)

Current status of shipbuilding & marine industry in Ulsan(2012)
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
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Status of Shipbuilders in Ulsan (as of December 2019)

울산 조선해양업체 현황 표로 구분, 현대중공업, 현대미포조선 정보 제공
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 12,765 (as of Dec 2022) 3,151 (as of Mar 2023)
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
Production capacity 2,500,000 GT(Shipbuilding), * (Offshore Plant), 4,000,000BHP (Engine machine) (as of Mar 2023) 1,550,000 DWT (as of July 2023)
Total assets 17.2413 trillion (as of June 2023) 4.7341 trillion (as of Marh 2023)
Orders 6,627,000 GT, No.1 with 27% domestic market share 1,280,000GT No.3 with 5.2% domestic market share
Sales KRW 17.302 trillion (as of Dec 2022) KRW 17.302 trillion (as of Dec 2022)
※[Reference] 2017 Business Report (Financial Supervisory Service official data)
Shipbuilding and offshore companies Shipbuilding and offshore companies