Korea’s two largest construction firms, Samsung C&T and Hyundai E&C, are intensifying their focus on the hydrogen sector to navigate downturns in the domestic housing market and declining Middle Eastern orders.
Samsung C&T is poised to embark on hydrogen power generation, marking a shift towards eco-friendly initiatives to bolster competitiveness. The firm’s recent regulatory filing highlights a continued pursuit of opportunities in hydrogen and electric vehicles—a move aligning with global environmental goals.
Meanwhile, Hyundai E&C zeroes in on the engineering, procurement, and construction of hydrogen facilities. Their strategic alignment emphasizes hydrogen’s role in achieving carbon neutrality and advancing energy transitions. This effort coincides with their affiliation to Hyundai Motor Group, further embedding hydrogen across their operations.
Chung Euisun, Executive Chair of Hyundai Motor Group, detailed an expansive hydrogen strategy last year, emphasizing the integration across the value chain—from production to consumption—under the HTWO brand. Hyundai Motor itself reflects this strategy by revising its corporate articles to accommodate expanding hydrogen business prospects.
Both firms have actively engaged in hydrogen projects beyond organizational frameworks. Samsung C&T’s ventures include a 300-ton green hydrogen facility in Australia and a solar-powered plant in Gimcheon, illustrating tangible investment in hydrogen infrastructure. Hyundai E&C mirrors this momentum with its water electrolysis-based plant in Buan, aiming for at least 1-ton daily hydrogen production, positioning it as Korea’s largest facility of its kind.
These efforts blend seamlessly with the Korea Hydrogen Economy Roadmap 2040, a government-led initiative aiming to scale hydrogen as a future energy pillar. Samsung C&T and Hyundai E&C’s strategic expansions not only reflect internal growth agendas but also contribute to Korea’s national energy tapestry—illustrating a sector-wide pivot towards decarbonization and sustainable practices amidst shifting market tides.
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