- Business
- HJ Shipbuilding & Construction Co., Ltd. (097230.KS) specializes in shipbuilding and heavy construction, designing and constructing a diverse range of commercial and naval vessels including container ships, chemical tankers, oil tankers, bulk carriers, reefer vessels, wood chip carriers, LNG bunkering vessels, eco-friendly container ships, warships, special-purpose ships, air-cushioned landing crafts, cable layers, and patrol vessels; it also provides ship repair services, civil engineering projects such as roadways and bridges, port construction, industrial plants, and building construction. Founded in 1937 as Chosun Heavy Industries and headquartered in Busan, South Korea, the company operates primarily from its shipyard in Yeongdo-gu, targeting global markets with customers encompassing international shipowners, navies, and infrastructure developers. Recent developments include securing a KRW 640 billion contract in September 2025 for four 8,850 TEU eco-friendly container ships from an Oceania-based shipowner and an 18,000 cubic meter LNG bunkering vessel order from H-Line Shipping in July 2025; completing a fully subscribed rights offering led by its largest shareholder to bolster finances for eco-friendly ship investments, MRO expansion, and defense projects; entering the U.S. Navy maintenance, repair, and overhaul market with a planned master ship repair agreement by year-end 2025; and pursuing the Korea-U.S. MASGA initiative for shipbuilding cooperation.