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HD Construction Equipment and Hyundai E&C Sign MOU for "Joint Development and Application of Smart Safety Technology for Construction Equipment"

▶ Applying smart safety devices to construction machinery... fundamentally preventing pedestrian collisions and equipment overturning accidents. ▶ Expanding the scope of cooperation to include verification of safety technologies and the supply of smart construction equipment. HD Construction Equipment is joining forces with Hyundai Engineering & Construction (Hyundai E&C) to accelerate cooperation in smart safety technology, aiming to create safer construction sites. On the 7th, HD Construction Equipment announced that it had signed a "Memorandum of Understanding (MOU) for the Joint Development and Application of Smart Safety Technology for Construction Equipment." The signing took place at Hyundai E&C's headquarters in Jongno-gu, Seoul, with officials from both companies in attendance. This agreement aims to improve the safety management capabilities of construction equipment and to create a sustainable cooperation system built on the technological expertise and practical experience of both companies.      The two companies will collaborate on ▲supplying construction equipment, including excavators equipped with smart safety technology, ▲conducting technical consultations and promoting standardization to incorporate safety devices from the manufacturing stage, and ▲demonstrating and verifying construction equipment equipped with smart safety devices. HD Construction Equipment will provide advanced safety sensors and modules to be installed on Hyundai E&C's construction equipment currently in use. These devices include the Smart Around View Monitor (SAVM), which utilizes AI-based cameras to detect and alert operators about individuals in the vicinity of the equipment, and the Overload Warning Device (OWD), which continuously measures the weight of the load and the tilt of the equipment in real-time to prevent loss of balance and potential overturning. Beginning in the second half of this year, "Smart Excavators" with next-generation safety technologies will be gradually introduced at various sites. These smart excavators will be equipped with advanced features, including collision warning, an auto stop function (E-STOP), and a "Virtual Wall." The Virtual Wall ensures that the equipment stays within a designated virtual boundary, even in the event of operator error. Choi Tae-geun, Executive Vice President of HD Construction Equipment’s Sales Division, stated, "Through this collaboration, we will continue to expand the distribution of AI-based safety solutions and smart construction equipment, significantly improving practical safety at construction sites." 

2026.04.08

HD Construction Equipment to Support Training for Vietnam’s National WorldSkills Team

▶ Will collaborate with the Vietnamese government and educational institutions to train construction equipment professionals ▶ Plans to provide comprehensive support and technical expertise for the entire process leading to WorldSkills Shanghai in September ▶ "Committed to fostering young technical talent and bolstering industrial competitiveness in Vietnam." HD Construction Equipment will be expanding its commitment to nurturing global technical talent in the construction machinery sector by supporting Vietnam's national team for WorldSkills. HD Construction Equipment announced on Sunday, April 5 that it signed a tripartite Memorandum of Understanding (MOU) in Hanoi with the Directorate of Vocational Education and Training, or DVET, under the Vietnamese Ministry of Labour, Invalids and Social Affairs, and the Central College of Transport No. 1 (CCT1), a local vocational training college. The agreement aims to support Vietnam’s participation in the WorldSkills competition. Under this agreement, HD Construction Equipment will assist with the entire process—from training to competition entry—for the Vietnamese national representative competing in the Heavy Vehicle Maintenance category at WorldSkills Shanghai 2026, scheduled for this September. The company plans to offer comprehensive technical training to Nguyen Xuan Khanh, who was selected as the national representative last year. Furthermore, the company will cover all expenses related to this training, including airfare, registration fees, and accommodation, in order to create an optimal environment for the competitor to maximize his performance. In July of last year, HD Construction Equipment signed an MOU with CCT1, which includes the Green and Smart Construction Equipment Talent Project. This initiative is part of the Korea International Cooperation Agency (KOICA)’s inclusive business program. The collaboration aims to support the development of smart equipment in Vietnam and to create localized training curricula. The company has deepened its commitment to Vietnam through a series of key initiatives, including hosting government officials and instructors for training in October, supporting national skills trials in November, and awarding scholarships.  An official from HD Construction Equipment stated, "This collaboration is not just a one-time event; it is part of our commitment to sustainable, locally integrated business practices. We will continue to foster Vietnam's young technical talents, helping them compete on the global stage."

2026.04.05

HD Construction Equipment “Sailing Smoothly” in the Australian Market Since Launch

▶ Accelerating new market expansion backed by financial support from the Export-Import Bank of Korea. ▶ Customized local sales strategy leads to a 56% year-on-year increase in sales for Jan–Feb. ▶ Intensive focus on Australia, Oceania's largest market, projected to grow to 6 trillion KRW by 2031. HD Construction Equipment has made significant strides in the Australian market following its integrated launch. The company is notably accelerating its entry into new markets, supported by financial assistance from the Export-Import Bank of Korea (KEXIM). On Friday, the 27th, HD Construction Equipment announced that its sales of construction equipment in Australia for January and February of this year have increased by 56% compared to the same period last year. While the company sold 439 units in Australia last year, it expects this number to grow to approximately 1,000 units this year, driven by rising local demand and an improved sales network. Australia is the largest construction equipment market in Oceania, with an annual demand of 25,000 units. It is recognized as a high-growth region due to ongoing government-led public infrastructure projects, including roads, railways, and energy initiatives, as well as steady demand for resource development, particularly in iron ore and lithium. A recent report from market research firm Mordor Intelligence indicates that the Australian construction equipment market is expected to grow at an average annual rate of over 4.5% from approximately $3.6 billion (about 5.4 trillion KRW) in 2026 to around $4.5 billion (approximately 6.8 trillion KRW) by 2031.  To capitalize on these market conditions, HD Construction Equipment has designated Australia as a strategic priority for new market entry and is focusing its business capabilities there. To capture the small-equipment market, which accounts for 50% of total demand, the company is expanding its dealer network and improving its localized products and services. In addition to strengthening its mini-excavator lineup, the company will launch Compact Track Loaders (CTL) and bulldozers in Australia this year to diversify its portfolio. Furthermore, HD Construction Equipment is boosting its competitiveness by leveraging the "Export Vitality ON” financial support package offered by KEXIM, the policy-based financial institution for external economic cooperation. This program provides comprehensive financial benefits, including capital support and favorable interest rates and limits to facilitate new market entry and enhance the competitiveness of key industries. An official from HD Construction Equipment stated, "We are increasing our efforts in the Australian market, leveraging the strong sales networks and product competitiveness of our two brands: Hyundai and DEVELON. We will continue to expand the presence of K-construction equipment globally through collaboration with KEXIM and local partners." Additionally, HD Construction Equipment is actively expanding its presence in emerging markets beyond Australia. Earlier this year, the company finalized contracts to deliver 120 units to Ethiopia, 71 to Vietnam, and 41 to Kyrgyzstan. Most recently, it won an order for over 60 units of mining equipment, which includes ultra-large excavators, for a project in Mongolia.

2026.03.27

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