▶ The company is collaborating with KOICA to donate equipment, develop curricula, and nurture talent in Vietnam.   ▶ The company seeks to expand its business and enhance its brand competitiveness in the region by engaging more with local educational and industrial infrastructure.   ▶ Since 2006, the company has contributed to the development of both domestic and international technical talent through its Global Training Center. HD Hyundai Construction Equipment has initiated efforts to cultivate technical talent in the construction equipment sector in collaboration with local universities in Vietnam.  On the 11th of this month, HD Hyundai Construction Equipment signed a Memorandum of Understanding (MOU) with The Central College of Transport No. 1 (CCT1), a vocational training institution in Hanoi. This partnership aims to support a long-term human resource development project titled the ‘Green and Smart Construction Equipment Talent Project.’ As part of this agreement, HD Hyundai Construction Equipment donated a 22-ton excavator, which is in high demand in Vietnam, to assist with practical training.  This initiative is part of the IBS-ESG Initiative, an inclusive business program by the Korea International Cooperation Agency (KOICA). The signing ceremony was attended by approximately 40 individuals, including Kim Byoung-soo, Senior Director of AM/PS at HD Hyundai Construction Equipment, Duong The Anh, President of CCT1, representatives from the Global Training Center, KOICA, the Vietnamese government, and CCT1. Through this MOU, HD Hyundai Construction Equipment will support CCT1 over the next five years with the following initiatives: - Supply of smart construction equipment and materials - Development of educational curricula - Support for participation in the WorldSkills Competition - Organization of job fairs - Education for vulnerable groups and local communities This collaboration is expected to train over 500 personnel, including students, faculty members, government officials, and current technicians in the field of construction machinery. CCT1 plans to gradually expand trainee recruitment, promote new technology education for instructors, dispatch instructors to Korea, host job fairs, and evaluate trainees to select outstanding talent.  HD Hyundai Construction Equipment believes that this agreement will help create a sustainable ecosystem for the construction machinery industry in Vietnam by focusing on developing infrastructure and educational curricula centered on eco-friendly and smart technology and providing equipment that complies with increasingly stringent emission regulations. This initiative is also expected to enhance the company's engagement with local education and industrial infrastructure, further boosting its business expansion and competitiveness in Vietnam. According to KOTRA (Korea Trade-Investment Promotion Agency), Vietnam's new construction machinery market is projected to grow at an average annual rate of 4.35% due to government urbanization policies, reaching a scale of 7,900 units by 2029. HD Hyundai Construction Equipment aims to establish a presence in Vietnam and subsequently target major developing countries, including India, Brazil, and Indonesia, to pursue new public and multilateral projects, thereby fostering global business growth and enhancing brand competitiveness. Additionally, since 2006, HD Hyundai Construction Equipment has operated a Global Training Center in Eumseong City, North Chungcheong Province, to provide advanced on-site training. The company continues to offer programs such as overseas technician training, domestic construction machinery maintenance training for new personnel, and athlete selection and training for the WorldSkills Competition, contributing to the development of highly skilled personnel in the construction machinery industry both domestically and internationally.

  ▶ The deal will be delivered in phases to South Korea's DAPA by 2028, establishing leadership in the domestic defense sector through in-house technology.   ▶ An independently developed 1,500-horsepower engine will showcase its competitiveness in terms of technology, cost, and supply reliability.   ▶ Construction of a factory for defense and large-scale engines began last December to secure future growth opportunities HD Hyundai Infracore has landed a major contract for K2 tank engines, highlighting its technological expertise and supply capabilities.  On the 8th, the company announced it has received an order for the DV27K engine from South Korea's Defense Acquisition Program Administration (DAPA), with deliveries scheduled in phases by 2028. The DV27K engine, independently developed, delivers a remarkable output of 1,500 horsepower, rivaling the capabilities of main battle tank engines from some of the world's leading defense industries. This powerful engine allows the 56-ton K2 tank to reach speeds of up to 70 km/h. Its design utilizes exhaust gases to push compressed air into the cylinder, enabling optimal combustion and increased power. Furthermore, the engine's structural design reduces vibration and evenly distributes power, ensuring reliable performance even in challenging battlefield conditions. The K2 tank engine has garnered recognition for its technological edge, cost-effectiveness, and reliability in supply. Only a handful of countries, including the United States, South Korea, Germany, and France, have successfully developed high-speed, high-output engines of this caliber, making it a sought-after choice for nations struggling to procure tank engines. Since 2014, following a decade of dedicated research and development, HD Hyundai has successfully localized the K2 tank engine and has served as the sole supplier to DAPA since 2019. Kim Joong-soo, Head of the Engine Business Division at HD Hyundai Infracore, remarked, “This latest order further solidifies our commitment to advancing defense technology. We are focused on strengthening South Korea’s defense capabilities by building a robust supply chain and committing to ongoing technological innovation.” Moreover, HD Hyundai Infracore is making substantial investments for future expansion, allocating KRW 141.2 billion last December to establish factories for defense and large-scale power generation engines, along with battery packs in Gunsan and Incheon. 

▶ Signed comprehensive MOU for cooperation in shipbuilding with Cochin Shipyard Limited, India, on July 4 ▶ To provide ship design, equipment support, and technical collaboration — marking HD Hyundai’s full-scale entry into the Indian market ▶ “Accelerating India’s national maritime vision — forging new market opportunities through partnership” HD Hyundai is joining forces with India’s largest state-owned shipyard to strengthen its influence in the Indian and global markets. HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company overseeing HD Hyundai’s shipbuilding operations, announced on Sunday, that it has signed a comprehensive Memorandum of Understanding (MOU) with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, to establish long-term cooperation in the shipbuilding sector. CSL, with its main yard located in the southern Indian state of Kerala, Kochi, is the largest shipbuilding yard in India, with the Indian government holding a 67.91% stake. The company has extensive capabilities in the design, construction, and repair of a wide range of vessels, from commercial ships to aircraft carriers. Over the past five years, CSL has successfully delivered a total of 70 vessels, including 60 small commercial ships and 10 naval vessels. Through this agreement, the two companies will pursue strategic cooperation across a range of areas, including design and procurement support for CSL, technical collaboration to enhance productivity and ensure global-quality standards, and the advancement of workforce capabilities through improved training systems. In particular, both parties have agreed to jointly explore new shipbuilding orders in the Indian and international markets. The partnership aligns with India’s maritime development roadmaps, including the 'Maritime India Vision 2030' and the 'Maritime Amrit Kaal Vision 2047,' both announced by the Indian Ministry of Ports, Shipping & Waterways to foster growth in the maritime industry. In support of these visions, India established a Maritime Development Fund worth approximately INR 250 billion (KRW 4 trillion) this year and is expanding policy support to strengthen its domestic shipbuilding sector and maritime infrastructure. India’s shipbuilding industry has witnessed rapid growth in recent years. According to market research firm Ken Research, the country’s shipbuilding and repair market, valued at approximately USD 90 million in 2022, has surged to over USD 1.12 billion by 2024, a more than twelvefold increase. The market is expected to continue expanding at an average annual growth rate exceeding 60% until 2033. Through this partnership, HD Hyundai aims to strengthen its presence in the Indian market, the world’s most populous country, while further enhancing its global competitiveness in the shipbuilding industry. “This collaboration will serve as a springboard for both HD Hyundai and CSL to reach new heights, while also marking a turning point in accelerating India’s national maritime vision,” said an HD Hyundai official. “By leveraging HD Hyundai’s accumulated technological expertise and experience, we will support CSL in enhancing its global competitiveness, while also seeking opportunities for shared growth with Korean equipment suppliers.” Meanwhile, HD Hyundai is actively expanding its global collaboration network beyond India. In April, the company signed an MOU with Huntington Ingalls Industries, the largest defense shipbuilder in the United States, followed by a strategic partnership agreement with Edison Chouest Offshore in June. In addition, HD Hyundai has been accelerating efforts to create synergies in the global shipbuilding sector by expanding defense cooperation, such as joint submarine development, with Peru’s state-run SIMA shipyard in November of last year. ■ Maritime India Vision 2030 → A mid-term strategy established by the Ministry of Ports, Shipping and Waterways (MoPSW) to enhance the competitiveness of India’s maritime industry and position the country as a global hub for shipping and shipbuilding. The plan aims to elevate India into the ranks of the world’s top 10 shipbuilding nations by 2030. ■ Maritime Amrit Kaal Vision 2047 → A long-term maritime development roadmap created to commemorate the 100th anniversary of India’s independence in 2047. It identifies sustainable port development and the advancement of the shipbuilding industry as core priorities, with the goal of positioning India among the world’s top five shipbuilding nations by 2047.