HD Hyundai announced Chung Ki-sun, CEO of HD Hyundai and grandson of Hyundai Group founder Chung Ju-young, was promoted to vice chairman, thereby commencing the beginning of the third generation of management of the shipbuilding, oil refining and machinery conglomerate. Chung has played a leading role in improving its corporate structure and overcoming the crisis, despite the downturn in the global shipbuilding industry. Chung also has worked hard to secure shipbuilding orders and develop new technologies for future growth.

The promotion of Chung is seen as a sign that HD Hyundai is preparing the next generation of its leadership as the young leader, born in 1982, is expected to bring new ideas and perspectives to the shipbuilding giant. Currently, Kwon Oh-gap, who joined the company in 1978, has been the chairman of HD Hyundai.