- CEO
- Young-Ki Kim
- Full Time Employees
- 2,209
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 477, Bundangsuseo-ro Seongnam-si GY South Korea 22502
- IPO Date
- May 10, 2017
- Business
- HD Hyundai Electric Co., Ltd. manufactures and sells heavy electrical equipment, including power transformers, gas-insulated switchgear (GIS), high- and low-voltage motors and generators, distribution transformers, medium- and low-voltage circuit breakers, switchgear, marine power systems, and energy storage solutions such as battery energy storage systems (BESS); the company also provides renewable energy solutions, DC power distribution facilities, and total energy management systems under brands like GREENTRIC for eco-friendly products. Founded in 1977 and headquartered in Seongnam-si, South Korea, HD Hyundai Electric operates globally across North America, Europe, Asia, the Middle East, and other regions, with subsidiaries including HD Hyundai Electric America Corporation, HD Hyundai Electric Hungary Kft., and manufacturing facilities in the United States and elsewhere. In recent developments, the company completed its Ulsan Transformer Core Shop and a transformer storage facility in the US in 2024, secured its first transformer order in Sweden from Ellevio and the largest single-item transformer order from Xcel Energy USA in 2023, won the largest distribution transformer order from AEP USA and its first European offshore substation order from Semco Maritime Denmark, independently developed and exported 145kV and 170kV SF6-free eco-friendly GIS, commercialized the world's first 1 MW building DC power distribution facility, acquired Plaspo for power conversion expertise, changed its name from Hyundai Electric & Energy Systems Co., Ltd. to HD Hyundai Electric in 2023, and declared RE100 achievement by 2040 while launching ESG initiatives.