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Hanjin Heavy Industries & Construction

Last edited by Noel Colina on July 13, 2008 - 4:13pm
Company Snapshot: 

Hanjin Heavy Industries & Construction was the first ship building company in Korea, established in 1937 at Youngdo, Pusan as "Chosun Heavy Industry Co., Ltd.", according to their website. The company builds everything from hospitals to apartment buildings through its construction segment and patrol boats to oil tankers through its shipbuilding segment.

Number of employees worldwide: 
4,462
Corporate accountability
Labor: 

Company has a growing record of fatal work-related accidents. Since it started its operation in 2006, 27 workers have died. 2 workers died last January 18, 2008. March 11, 2008, 3 workers died during their work in Hanjin shipyard. Latest is the death of 2 workers. Workers describe the work conditions in the shipyard as "deadly, deplorable and scandalous" and stated that despite 10,000 or more workers are employed, no medical facility is existing inside the shipyard. Another worker died last July 13, 2008, the 13th fatality for this year alone.

Environment and product safety: 

Constructed condominium units on a protected area.

Political influence: 

Involved in bribing local government officials to allow the creation of shipyard in Mindanao, Philippines

Location(s)

29, Bongraedong-5Ga Youngdo-Gu
Busan, 000, 606-812
South Korea
History

Jul, 1937 Chosun Heavy Industry Co., Ltd., established

Nov, 1938 Korea's first steel cargo ship manufactured (390 tons)

Aug., 1945 Korea Shipbuilding & Engineering Corp. (KSEC, a state-run company)

Sep., 1962 First Korean machine tool (lathe) was manufactured

Aug., 1967 Korea Dredging Corp. established (name changed to Hanjin General Construction Co., Ltd. in June, 1990)

Aug., 1968 Hanil Development Co., Ltd., established (name changed to Hanjin Construction Co., Ltd.on Mar. 12, 1994)

Oct., 1968 First Korean steel-framed building constructed (Seoul Marine Center Building)

Nov., 1968 KSEC privatized

Dec., 1969 Korea's first export of ships, 20 steel fishing vessels to Taiwan

May, 1974 Korea's first export of a large scale vessel, a 30,000 ton ship, to the U.S. Gulf Company

Jun., 1977 Construction of facilities for the TAIF Air Force Base in Saudi Arabia

Dec., 1977 Korea's first oil prospecting ship for Denmark's AP Company built.

Sep., 1982 Operation of the first Korean overseas shipyard, the Jeddah ship repair yard in Saudi Arabia (~ Dec., 1987)

Dec., 1984 First Asian hovercraft built

May, 1989 Included in the Hanjin Group and company name changed to Hanjin Heavy Industries Co., Ltd.

Nov., 1992 Constructed Incheon International Airport, site construction, taxiway, and passenger terminal (until Jan., 2003)

Sep., 1995 The first Asian membrane-type LNG carrier, the Hanjin Pyeongtaek, delivered.

Mar., 1996 The world's fastest 5,000 TEU class containership, the Hanjin London,delivered.

Apr., 1996 Built Korea's first cable-laying ship, the Segyero

Sep., 1997 Order received for Light Railway construction in Manila, The Philippines

Aug., 1999 Merger of Hanjin Construction and Hanjin General Construction

Oct., 2002 Order received for an LPX from the Korean Navy, launched the ¡®Dokdo¡¯ in July, 2005

Feb., 2003 Order received for five 8,000 TEU class container carriers (from Offen, Germany)

Oct., 2003 Implemented underwater mounting astern method

Oct., 2004 Order received for Chinese container carriers for the first time in Korea (from COSCO, four 5,100 TEU class carriers)

Dec., 2004 Developed world's first ¡®underwater DAM use welding method (for a 8,100 TEU class carrier)

Oct., 2005 Spun off from Hanjin Group

Feb., 2006 Signed an MOA on a land lease for Subic Shipyard in The Philippines

Apr., 2006 Launch of the Hanjin Heavy Industries & Construction Group (designated as a group of companies under the regulation of mutual investment restrictions by the Fair Trade Commission)

May, 2006 Construction begun for Subic Shipyard in The Philippines

2007 Present One of the world's top 10 shipbuilding companies, selected as world's outstanding shipbuilder for 15 consecutive years (since 1992), ranked as the 12th company in Korea based on its construction capability, ranked as 98th construction company in the world, and one of the Korea's top 100 companies

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