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HD Construction Equipment “Sailing Smoothly” in the Australian Market Since Launch

▶ Accelerating new market expansion backed by financial support from the Export-Import Bank of Korea. ▶ Customized local sales strategy leads to a 56% year-on-year increase in sales for Jan–Feb. ▶ Intensive focus on Australia, Oceania's largest market, projected to grow to 6 trillion KRW by 2031. HD Construction Equipment has made significant strides in the Australian market following its integrated launch. The company is notably accelerating its entry into new markets, supported by financial assistance from the Export-Import Bank of Korea (KEXIM). On Friday, the 27th, HD Construction Equipment announced that its sales of construction equipment in Australia for January and February of this year have increased by 56% compared to the same period last year. While the company sold 439 units in Australia last year, it expects this number to grow to approximately 1,000 units this year, driven by rising local demand and an improved sales network. Australia is the largest construction equipment market in Oceania, with an annual demand of 25,000 units. It is recognized as a high-growth region due to ongoing government-led public infrastructure projects, including roads, railways, and energy initiatives, as well as steady demand for resource development, particularly in iron ore and lithium. A recent report from market research firm Mordor Intelligence indicates that the Australian construction equipment market is expected to grow at an average annual rate of over 4.5% from approximately $3.6 billion (about 5.4 trillion KRW) in 2026 to around $4.5 billion (approximately 6.8 trillion KRW) by 2031.  To capitalize on these market conditions, HD Construction Equipment has designated Australia as a strategic priority for new market entry and is focusing its business capabilities there. To capture the small-equipment market, which accounts for 50% of total demand, the company is expanding its dealer network and improving its localized products and services. In addition to strengthening its mini-excavator lineup, the company will launch Compact Track Loaders (CTL) and bulldozers in Australia this year to diversify its portfolio. Furthermore, HD Construction Equipment is boosting its competitiveness by leveraging the "Export Vitality ON” financial support package offered by KEXIM, the policy-based financial institution for external economic cooperation. This program provides comprehensive financial benefits, including capital support and favorable interest rates and limits to facilitate new market entry and enhance the competitiveness of key industries. An official from HD Construction Equipment stated, "We are increasing our efforts in the Australian market, leveraging the strong sales networks and product competitiveness of our two brands: Hyundai and DEVELON. We will continue to expand the presence of K-construction equipment globally through collaboration with KEXIM and local partners." Additionally, HD Construction Equipment is actively expanding its presence in emerging markets beyond Australia. Earlier this year, the company finalized contracts to deliver 120 units to Ethiopia, 71 to Vietnam, and 41 to Kyrgyzstan. Most recently, it won an order for over 60 units of mining equipment, which includes ultra-large excavators, for a project in Mongolia.

2026.03.27

HD Hyundai Conducts Large-Scale Medical Mission in Subic, Philippines

▶ Medical staff from Ulsan University Hospital and employees of HD Hyundai Heavy Industries Philippines provide care to about 750 local residents ▶ HD Hyundai operates a shipyard in Subic and participates in the Philippine Navy’s modernization program Ulsan University Hospital, under the Ulsan Industrial Education Foundation affiliated with HD Hyundai, launched a six-day large-scale medical mission in Subic on March 16, providing essential health care services to approximately 750 local residents. The initiative, which ran from March 16 to March 21, mobilized a specialized medical team from Ulsan University Hospital alongside employees from HD Hyundai Heavy Industries Philippines and local government officials. The mission focused on expanding healthcare access in the region while deepening ties between South Korean medical experts and the Subic community. The initiative has been recognized as a model for corporate-hospital social contribution, combining Ulsan University Hospital’s medical expertise with HD Hyundai Heavy Industries Philippines’ global infrastructure to foster sustainable growth alongside the local community. Through its shipyard operations, HD Hyundai supports the Philippine Navy’s modernization efforts, producing a range of sophisticated fleet assets including frigates and offshore patrol vessels (OPV). The mission coincides with HD Hyundai’s expanding maritime operations in the country. In May 2024, HD Korea Shipbuilding & Offshore Engineering signed a lease agreement with Cerberus Capital Management for a portion of the Subic shipyard. By September 2025, the newly established HD Hyundai Heavy Industries Philippines reached a major milestone with the steel-cutting ceremony for its first vessel, a 115,000-deadweight-ton petrochemical product carrier. Beyond commercial shipbuilding, HD Hyundai Heavy Industries has emerged as a primary partner in the Philippine Navy’s fleet modernization program. The company has secured orders for 12 naval vessels, including frigates, corvettes, and OPVs. To date, every vessel delivered under these orders has been handed over ahead of schedule, reinforcing the company's reputation for reliability and technical performance.

2026.03.24

HD Construction Equipment to Issue High-Voltage & Safety Management Certifications for Construction Machinery

▶ Korea’s first certification for electrified construction equipment, meeting national technical qualification standards. ▶ Aimed at cultivating future technical talent and enhancing on-site safety for construction machinery and industrial vehicles. HD Construction Equipment will begin issuing government-authorized certifications for high-voltage handling and safety management of electrified machinery. HD Construction Equipment announced on Friday, the 13th, that it has been selected by the Human Resources Development Service of Korea (HRDK), under the Ministry of Employment and Labor, as an official operator of the "Government-Recognized Corporate Qualification System." It is a certification framework established by the Korean government to grant official recognition to specialized job qualifications created and managed by private companies. HD Construction Equipment will conduct qualification testing for "High-Voltage Handling and Safety Management for Construction Equipment (LV.1 & LV.2)," focusing on electric machinery like excavators and forklifts. This is the first certification of its kind for electrified construction equipment in Korea, reflecting the industry's move toward electrification. The certification process will be managed through the "Training-Evaluation-Certification" program at HD Construction Equipment’s Global Training Center in Eumseong. Qualifications are awarded to candidates who complete a practical curriculum and pass both written and hands-on examinations. Since 2024, HD Construction Equipment has collaborated with HD Hyundai XiteSolution to develop qualification categories. Moving beyond basic training methods, the company has implemented a government-authorized testing framework that includes rigorous evaluation and verification. The LV.2 grade requires a level of technical expertise equivalent to a National Technical Qualification (Craftsman level). Holders of this certificate gain the skills necessary to perform independent maintenance and safety management under "Live-line" conditions. Additionally, HD Construction Equipment plans to further develop these categories up to LV.4 (Master Craftsman level) and expand the range of authorized certification fields. "The introduction of this certification program will enable us to proactively adapt to technological shifts and ensure on-site safety," said an official at HD Construction Equipment. "We are dedicated to cultivating a workforce with world-class technical expertise."

2026.03.13

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