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Hyundai Heavy Industries (HHI)
HYUNDAI shipyard is strategically situated in Ulsan, which is on the southeastern tip of the Korean peninsula. Its location providing easy access to and from the open sea, mild weather, and a dry climate with little precipitation throughout the year constitutes an ideal geographical environment for shipbuilding. HYUNDAI is also an experienced naval shipbuilder with construction of a variety of moderm, sophisticated naval and auxiliary service vessels eversince 1975 when the Korea Ministry of Defence nominated HHI as the designer and builder of the first indigenous Korean frigate named Ulsan class. HHI had obtained the skills to design merchant ships by the middle of 1970s, and started developing its submarine building skills and facilities to design and build naval ships, and constructed Korea's first-ever frigate," The Ulsan Frigate," in 1978.
In November 2000 the Ministry of Defense made a final selection of Hyundai Heavy Industries Co., Ltd (HHI), as the main contractor to build 3 submarines (the KSS-ll project).
The Special and Naval Shipbuilding Division (SNSD) has been entrusted with the special task, having specialized manpower and streamlined modern facilities. As a licensed National Defence Industrial Shipbuilding Company and engineering consultant, SNSD of HHI has the advanced technology to design and build modern, reliable naval ships and auxiliary service vessels of various proven and advanced hull forms.
Hyundai Heavy Industries Co., Ltd (HHI) had its ground-breaking ceremony in 1972 in Ulsan, situated on the southeastern tip of Korean peninsula. HHI started building two 260,000 DWT VLCCs along with its dry dock. Two years later it had a simultaneous christening ceremony for its fIrst two VLCC's and the dedication of it's shipyard. In 1984, just 10 years after HHI delivered its first VLCC, HHI surpassed 10 mil. DWT in ship production. Since then, the shipyard accomplished an aggregate production of 30 mil. DWT in 1991, 50 mil. DWT in 1997, and 70 mil. DWT in 2000, setting new world records for ship production in the shortest period of time. Today HHI accounts for about 15% share of the global shipbuilding market.