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. They were merged to relaunch as the integrated HD Hyundai Heavy Industries in December 2025. As such, Ulsan has solidified its position as a world-class shipbuilding and marine city.
HD Hyundai Heavy Industries operates 14 dry docks within its 7.38 million ㎡ shipyard, with an annual production capacity of 12,467,000 GT. 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 operates 14 dry docks within its 7.38 million ㎡ shipyard, with an annual production capacity of 12,467,000 GT. 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 2024)
Output(23.7%) - Ulsan: KRW 17,372.8 billion, Korea: KRW 73,311.4 billion
Added-Value(24.0%) - Ulsan: KRW 5,731.1 billion, Korea: KRW 23,830.7 billion
Number of Businesses(18.9%) - Ulsan: 327, Korea: 1,736
Number of Workers(28.0%) - Ulsan: 38,570, Korea: 137,656
Status of Shipbuilders in Ulsan
| Classification | HD Hyundai Heavy Industries (HD Hyundai Heavy Industries Co., Ltd. + Hyundai Mipo Dockyard Co., Ltd.) |
|---|---|
| Launch Date (Merger Date) | 2025. 12. 1. |
| Location |
1000 Bangeojinsunhwan-doro, Dong-gu (Jeonha-dong) 100 Bangeojinsunhwan-doro, Dong-gu (1381 Bangeo-dong) |
| Number of Employees |
17,482 (As of ‘25.12.) |
|
Facility Capacity (Scale) |
7.38 million ㎡ Yard / 14 Dry Docks |
| Annual Production Capacity |
12,467,000 GT (Shipbuilding) 16,000,000 BHP (Engine & Machinery) 1,200,000 GT (Offshore Plant) |
| Order Book |
USD 15,060 million (As of ‘25.12.) |
| Revenue |
KRW 21.2992 trillion (As of ‘25.12.) |
※[Reference] 2017 Business Report (Financial Supervisory Service official data)
