Last 126,500 KRW
Change Today 0.00 / 0.00%
Volume 309.0K
009540 On Other Exchanges
Korea SE
As of 1:25 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

hyundai heavy industries (009540) Snapshot

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04/10/14 - 224,000
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hyundai heavy industries (009540) Details

Hyundai Heavy Industries Co., Ltd. manufactures and sells ships, offshore structures, plants, engines, and other products in Korea, North America, Asia, and Europe. The company operates in 10 segments: Shipbuilding, Offshore and Engineering, Industrial Plant and Engineering, Engine and Machinery, Electro Electric Systems, Construction Equipment, Green Energy, Financial Services, Oil Refining, and Others. It offers VLCCs, tankers, product carriers, containerships, bulk carriers, OBO carriers, LNG carriers, LPG carriers, FSRUs, drill ships, pure car carriers, Ro-Ro ships, RO-Pax ships, submarines, destroyers, frigates, and semi submersible rigs. The company also provides floating units, such as FPSOs, FLNGs, FPUs, Spars, and TLPs; fixed platforms, including topsides, jackets and piles, jack-ups, modules, and quarters; pipelines and subsea facilities consisting of subsea pipeline systems; offshore installations comprising platforms and pipelines; and land-based modules, as well as executes power, and oil and gas projects. In addition, it offers excavators, wheel loaders, forklifts, and skid loaders; wind and solar power systems; and petroleum products, petrochemicals, and lubricant oils, as well as is engaged in the securities brokerage, asset management, futures, corporate finance, and leasing. Further, the company provides two-stroke diesel and four-stroke HiMSEN engines; marine equipment; diesel power plants; industrial and marine pumps; ballast water treatment systems; side thrusters and compressors; and robots, press, and conveyor systems. Additionally, it offers transformers, gas insulated switchgears, switchgears, low- and medium-voltage circuits, breakers, rotating machinery, integrated control and monitoring systems, power electronics, and marine electrical equipment; designs, manufactures, and repairs gearboxes and transformers; and is engaged in football club and hotel operations. The company was founded in 1973 and is headquartered in Ulsan, South Korea.

Founded in 1973

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hyundai heavy industries (009540) Key Developments

Hyundai Heavy Industries Co.,Ltd Presents at JPMorgan Korea CEO Conference, Feb-23-2015

Hyundai Heavy Industries Co.,Ltd Presents at JPMorgan Korea CEO Conference, Feb-23-2015 . Venue: Conrad Hotel, Seoul, South Korea.

Hyundai Heavy Union Votes for Wage Accord

Hyundai Heavy Industries' labor union voted for a tentative agreement with management in negotiations over a wage increase. Of 15,417 union members, 10,152, or 92% participated in the vote and 65.85% of the ballots were in favor of an agreement between their leaders and management. The union voted down the first tentative agreement. The second, which was made Feb. 11, 2015, included a larger wage increase. They agreed to raise the basic pay by KRW 37,000 or 2%. The agreement also includes bonus increases and the definition of ordinary wages.

Hyundai Heavy Workers Win Ordinary Wage Suit

A court ruled in favor of unionized workers at Hyundai Heavy Industries in an "ordinary wage" lawsuit. In its ruling, the Ulsan District Court said that the company should calculate regular bonuses it paid to workers as base pay. In 2010, 10 union members of the company filed a lawsuit, demanding bonuses and other benefits be considered "ordinary pay," which is used to calculate a range of benefits, from overtime payments to annual raises. The shipbuilder has customarily paid its workers 800% of their monthly wages annually as a bonus. The plaintiffs claimed that the entire bonus should be considered ordinary wages, while the management wanted to keep the rate at 700%. However, the court said that the ruling would apply retroactively for three years based on relevant laws, adding that the ruling also covers workers at Hyundai Mipo Dockyard Co., an affiliate of Hyundai Heavy. Thursday's ruling was closely watched as a benchmark decision that may affect the entire industry because of Hyundai Heavy's leading position in the sector, according to Yonhap. The controversy over ordinary wages was highlighted after a landmark 2013 ruling by the Supreme Court that bonuses should be viewed as part of a worker's wages if given on a regular and periodic basis. Unlike the latest ruling, a Seoul court ruled last month in favor of Hyundai Motor Co. in a similar wage dispute, saying bonuses did not have to be included in base wages for more than 90% of its workers.


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