Shipbuilding · HD Hyundai shipbuilding holding (world's largest)
HD Korea Shipbuilding & Offshore Engineering
HD Hyundai's shipbuilding intermediate holding, overseeing three yards - HD Hyundai Heavy, HD Hyundai Mipo and HD Hyundai Samho. Consolidated revenue is 84% shipbuilding, 10% engines, 4% offshore; as the world's largest shipbuilding group it leads LNG and container-ship supercycle orders.
009540.KS Updated Jul 12, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, HD Korea Shipbuilding & Offshore Engineering is directly linked to 2 companies (1 supply, 0 revenue, 1 investment relationships) and reaches 2 companies within two hops; the links are backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · Consolidated: Shipbuilding 84%, Engines 10%, Offshore 4%
- Segments · Shipbuilding (3 yards: Heavy, Mipo, Samho) · Engine & Machinery (large, medium engines) · Offshore, green energy
Revenue from
- 글로벌 선주 (연결 조선 — LNG선·컨테이너선) High confidence· Market share 84% · 연결 매출 중 조선 · annual report
Consolidated shipbuilding is 84% of revenue - three yards (Heavy, Mipo, Samho) build LNG carriers, high-value gas ships, boxships and warships; the QatarEnergy LNG program and supercycle anchor demand. - 조선소·발전사 (연결 엔진기계 — 대형·중형엔진) High confidence· Market share 10% · 연결 매출 중 엔진기계
Consolidated engines are 10% of revenue - large and medium marine engines, HiMSEN and land gensets sold worldwide, with HD Hyundai Heavy as the engine-making core. - 글로벌 선주 (LNG·컨테이너·상선) High confidence
HD Hyundai's shipbuilding intermediate holding (Heavy, Mipo, Samho): supercycle LNG and container ship orders as the world's largest shipbuilding group; expanding US Navy MRO.Mentions KO Finance Scope Published Feb 21, 2025: Samsung Heavy: LNG/FLNG drive, $9.8B 2025 order target
Pays to
- POSCO·현대제철 (연결 선박용 후판·강재) High confidence
Across the three yards, sources ship steel plate from POSCO, Hyundai Steel and others; plate is a large share of consolidated material cost. - 선박 기자재·의장품 (연결) Medium confidence
Across the yards, assembles from blocks, fit-out, electrical and navigation equipment from partners.
Investments
- HD현대중공업 (조선 자회사) High confidence
As the shipbuilding holding, the largest shareholder of HD Hyundai Heavy (the world's largest yard). - HD현대미포 (중형선 자회사) High confidence
Key subsidiary HD Hyundai Mipo, specialized in medium ships (product/MR tankers, mid-size boxships). - HD현대삼호 (대형선 자회사) High confidence
Key subsidiary HD Hyundai Samho, specialized in large ships (VLCCs, mega boxships, LNG carriers).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| HD Korea Shipbuilding & Offshore Engineering | node | -15.2 | -0.1 | +42.6 | +104.4 | +84 | -12.6 |
| HD Hyundai Heavy Industries | benef1 | · | +11.4 | +3.2 | +172.6 | +86.9 | -22.6 |
| POSCO Holdings | benef2 | +13.9 | +19.9 | +43 | -37.3 | +38.3 | -1.4 |
YTD as of 2026-09-04 · source: Yahoo Finance
HD Korea Shipbuilding & Offshore Engineering operates across KOSPI, Shipbuilding, HD Hyundai shipbuilding holding (world's largest). It is -12.6% in 2026. The stock (-12.6%) and its supply side (avg -1.4%) are moving in step. Consolidated revenue is 84% shipbuilding, 10% engines, 4% offshore; as the world's largest shipbuilding group it leads LNG and container-ship supercycle orders.
Analysis generated from returns as of 2026-09-04