Overview

• HD Hyundai confirmed Chung Ki-sun’s promotion to chairman following a leadership reshuffle, with his first companywide email outlining a forward strategy.
• Chung was also named co-CEO of HD Hyundai XiteSolution to address weakness in construction equipment and to develop new growth drivers.
• He emphasized AI- and digitally driven shipyards, innovative vessel designs, and operational efficiency gains under the group’s 'future builder' vision.
• Chung cited pricing pressure from Chinese shipbuilders and pointed to smart-yard investments and a new Ulsan production campus to narrow cost differentials.
• He pledged focus on autonomous ships, robotics and small modular reactors, and highlighted the MASGA initiative targeting Korean-operated shipyards in the United States.