Hyundai Engineering has officially announced a new value system that encapsulates the company's purpose and future growth direction, accelerating innovation across its business portfolio.
On July 30, Hyundai Engineering held a ceremony at its headquarters in Gye-dong, Jongno-gu, Seoul, to unveil the new value system, which was announced on July 31.
Declaring this year as the "Year of New Beginnings," Hyundai Engineering is focusing on developing future energy businesses and advanced industrial construction as core growth areas, building on its existing EPC (Engineering, Procurement, and Construction) capabilities. The new value system is expected to serve as a benchmark that connects strategies for enhancing technological competitiveness, such as securing core technologies and expanding strategic partnerships.
In the new value system, Hyundai Engineering defines its identity as "Creating a better life through our technology on the path connecting space and energy," and sets its future business direction as "a key player driving the evolution of the energy value chain." This reflects the company's history and philosophy of providing value in space and energy since its inception as Hyundai Comprehensive Technology in 1974.
The company plans to establish a business model that offers 'integrated value of space and energy' across the entire energy value chain, from production to storage, operation, and utilization. A notable example is the solar power project in Hillsboro, Texas, which broke ground in May. The renewable energy produced there will supply major North American facilities of the Hyundai Motor Group, including plants for Hyundai Motor, Kia, and Hyundai Mobis.
Hyundai Engineering has also detailed its portfolio innovations by business sector. In the energy sector, it will strengthen next-generation energy fields such as small modular reactors (SMR), fusion, hydrogen, and solar power, while also building infrastructure to meet the rising power demand driven by the expansion of AI data centers. The chemical plant sector will expand its focus on low-carbon plants, including carbon capture and storage (CCS), hydrogen production using ammonia, and LNG liquefaction.
In the construction sector, leveraging its experience in large-scale industrial construction, Hyundai Engineering aims to enhance its competitiveness in advanced industrial construction fields, such as AI data centers utilizing next-generation energy sources. The asset management sector plans to expand its scope by starting the construction and operation of electric vehicle charging stations, launching vehicle-to-grid (V2G) projects that connect vehicle battery power to the grid, and recycling used batteries into energy storage systems (UBESS).
The establishment of this value system was initiated after the appointment of CEO Joo Woo-jung and was developed over approximately 10 months with input from 6,585 employees through a dedicated organization.
A Hyundai Engineering representative stated, "This value system serves as a standard that connects the history and future of Hyundai Engineering, which has provided the value of space and energy for the past 52 years. We will organically connect our construction capabilities and energy technology to provide better value to stakeholders and society."
Meanwhile, in the '2026 Construction Capability Evaluation' announced by the Ministry of Land, Infrastructure and Transport this year, Hyundai Engineering ranked fourth, rising two spots from the previous year.
With a construction performance evaluation amounting to over 6 trillion won, it secured third place, following Samsung C&T and Hyundai Construction, and also ranked third in technical capability evaluation, behind Hyundai Construction (1.8235 trillion won) and Daewoo Construction (1.4250 trillion won).
In civil engineering and construction, Hyundai Engineering recorded 7.8 trillion won in performance, placing third after Hyundai Construction (10.9 trillion won) and Samsung C&T (9.7 trillion won).
* This article has been translated by AI.
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