▶ The delegation visited Korea for the "Invitation-based Policy Training for Reconstruction in Ukraine" organized by the Korea Construction Equipment Manufacturers Association.  ▶ They toured the excavators for reconstruction at the Ulsan Campus and examined the infrastructure needed for industrial growth.  ▶ The discussions focused on sharing knowledge regarding K-construction machinery training and infrastructure development. Ukrainian government officials recently visited HD Hyundai's key facilities to acquire the necessary technical capabilities for reconstruction and to improve cooperation. On the 18th, HD Hyundai announced that a delegation, which included Ukraine's Deputy Minister for Communities and Territories Development and other officials, visited HD Hyundai Construction Equipment's Ulsan Campus. During their visit, they toured the excavators and production lines while discussing plans for collaboration in reconstruction efforts. The delegation included more than ten high-ranking officials, among them Maryna Denysiuk and Kostiantyn Kovalchuk, Deputy Ministers of Ukraine's Ministry of Communities and Territorial Development. It also featured Serhii Sukhomlyn, the Head of the State Agency for Reconstruction and Development of Infrastructure, as well as representatives from the Mykolaiv Regional State Administration and the State Emergency Service. This visit is part of the "Invitation-Based Training to Enhance Competencies in Construction Machinery," organized by the Korea Construction Equipment Manufacturers Association and the Korea Construction Equipment Technology Institute, running from the 15th to the 21st of this month. During this time, the delegation will receive training aimed at improving their knowledge in reconstruction, covering topics such as the operation of construction equipment, disaster recovery, and eco-friendly techniques. Additionally, the program will address the supply of construction equipment and include various educational initiatives. Before the war, HD Hyundai Infracore and HD Hyundai Construction Equipment held the top two market shares in Ukraine's construction machinery sector. They established strong cooperative relationships with the Ukrainian government by supplying construction equipment to support post-war reconstruction projects. During their visit, the delegation toured the advanced production lines at HD Hyundai Construction Equipment's smart factory, the shipyard dock of HD Hyundai Heavy Industries, and the power transformer manufacturing facility of HD Hyundai Electric. This tour offered valuable insights into Korea's industrial development process and foundational technologies. On the 16th, a conference was held at the HD Hyundai Global R&D Center in Pangyo. Both parties shared information regarding war damage and recovery support measures. They also discussed plans for establishing a construction machinery training center and educational programs to aid these efforts. HD Hyundai Construction Equipment is considering supplying construction machinery for training purposes and virtual reality (VR) simulators to key vocational training schools in Ukraine. This initiative aims to improve the training of local technicians and increase the availability of construction equipment. It will also lay the foundation for strengthening equipment sales and developing the aftermarket (AM) services. HD Hyundai Construction Equipment plans to establish a consortium focused on construction machinery education through its Global Training Center. This initiative aims to support several key objectives: △the implementation of degree programs and machine-specific training courses, △the development of multilingual textbooks and educational materials, and △the training of instructors, along with localized training sessions. Cho Young-cheul, President of HD Hyundai XiteSolution, stated, “South Korea's construction equipment has been deployed to disaster sites around the world, playing a key role in restoring people's lives. This reconstruction collaboration is important as it establishes a foundation for recovery through education and technology transfer, while also fostering sustainable partnerships.” Maryna Denysiuk, the Deputy Minister for Development of Communities and Territories of Ukraine, stated, “This visit to Korea offered a valuable opportunity to gain firsthand insights into industrial development and the technological capabilities essential for post-war reconstruction.” She further stated, “We anticipate that our partnership with HD Hyundai will play a significant role in Ukraine's recovery and future growth.”

Shareholders Approve Merger Plan for HD Hyundai Construction Equipment and HD Hyundai Infracore… The New Entity, ‘HD Construction Equipment,’ to Launch in January 2026 as South Korea’s Leading Construction Equipment Company ▶ The merger plan received overwhelming approval, with 99.91% and 99.24% from shareholders at the respective extraordinary general meetings.   ▶ The merged entity will be named "HD Construction Equipment," with appraisal rights available until October 10.   ▶ "As South Korea’s leading construction equipment company, we aim to establish a new milestone in the construction equipment industry." The merger between HD Hyundai Construction Equipment and HD Hyundai Infracore has received approval at their extraordinary general shareholders’ meetings, leading to the establishment of a representative construction machinery company in Korea called ‘HD Construction Equipment.’  The approvals received were overwhelmingly positive, with 99.91% support at HD Hyundai Construction Equipment and 99.24% support at HD Hyundai Infracore. These meetings took place on the 16th at the Global R&D Center in Bundang and at HD Hyundai Infracore's headquarters in Incheon, respectively. Additionally, the name of the merged company has been confirmed as 'HD Construction Equipment.' An official launch is expected in January following a review period for appraisal rights that concludes on October 10. The merger was initially announced on July 1, with both companies aiming to enhance their market agility in response to ongoing global economic uncertainties and increasing competition. The goal is to secure future technological capabilities and improve cost competitiveness. Institutional Shareholder Services (ISS), the world’s largest proxy advisory firm, had recommended the approval of this merger. Additionally, major domestic credit rating agencies and reports from securities firms have shown a positive outlook on the potential synergies from the merger. The newly formed HD Construction Equipment aims to achieve sales exceeding KRW 14.8 trillion by 2030, positioning itself among the top global players in the industry. The company will focus on balanced growth across all business areas, including construction equipment, engines, and aftermarket services. Key strategies will include △strengthening fundamental competitiveness, △diversifying revenue streams, and △securing future growth through a unified decision-making process. An official from HD Hyundai’s Construction Equipment Division expressed appreciation to the shareholders for their confidence in the merger proposal, stating, “As Korea's leading construction equipment company, we will establish a new milestone in the development of the nation's construction equipment industry.”  

▶ Smart technologies, including ‘E-STOP’ and ‘Rollover Risk Warning,’ validated under the supervision of a French safety association. ▶ New technology verified, gaining credibility through demonstrations for major local construction companies. ▶ Expected to enhance brand credibility and attract new customers in Europe's top three construction markets. HD Hyundai Infracore attracted attention from the French government and construction industry with its next-generation model featuring ‘E-STOP’ emergency automatic braking technology. On the 14th, HD Hyundai Infracore announced that it successfully conducted a four-day field demonstration and smart safety technology showcase for its new DEVELON excavator in Compiègne, France, from the 8th to the 11th (local time). This demonstration was organized by OPPBTP, the leading organization in France for the prevention of risks in building and public works under the Ministry of Labor. It took place at the Seine-Nord Europe Canal project site and involved field validation of both basic operational performance and smart safety technologies using DEVELON equipment. Additionally, a demonstration of the smart safety technology was held for five local construction companies, including major French firms Bouygues and Eiffage. The new DEVELON excavator featured various smart safety technologies, including rollover risk warnings and 360-degree around-view monitoring. The E-STOP technology, which functions similarly to a vehicle's emergency braking system, particularly attracted interest from on-site operators and attendees at the event. E-STOP automatically halts the equipment when cameras and sensors detect people or objects within the work radius, helping to prevent accidents at construction sites. HD Hyundai Infracore plans to enhance the E-STOP technology and begin mass production with its integration into products starting next year. Through this demonstration, HD Hyundai Infracore directly showcased its technology to government and construction industry officials in France, one of Europe’s top three construction equipment markets, and received positive feedback. This is expected to strengthen brand credibility across Europe, where safety standards are high, and lead to the acquisition of new customers. According to market research firm Fact.MR, the European construction equipment market is projected to grow at a CAGR of 6%, reaching $355.5 billion (approximately 494 trillion won) by 2035, up from $198.5 billion (approximately 276 trillion won) in 2025. An HD Hyundai Infracore official stated, “We successfully showcased the smart safety technology of our DEVELON products in the European market, where safety regulations are stricter,” adding, “We will continue to develop technologies that enhance safety and efficiency on construction sites.” ■ Note The Professional Organization for Prevention in Building and Public Works (OPPBTP) in France was established in 1947 to address the high accident rate in the construction sector. Since 2022, it has been running the joint “Stop Collision” project in collaboration with the construction industry to prevent collisions between equipment and pedestrians. As part of this project, field demonstrations and technology showcases were conducted in partnership with HD Hyundai Infracore.