In 2024, HD Hyundai Samho was the leading shipbuilding company in South Korea, based on its domestic market share of around 25.3 percent. HD Hyundai Samho and Hanwha Ocean recorded similar market shares based on gross tonnage. By this metric, HD Hyundai shipbuilding companies had a combined domestic market share of 49.6 percent.
Leading as a conglomerate
Samsung Heavy Industries continues to be a prominent force in the market. However, the company has seen decreases in revenue in recent years. As for the listed HD Hyundai companies, both are subsidiaries of HD Korea Shipbuilding and Offshore Engineering (HDKSOE), making it the actual market leader. As a holding company, HDKSOE is able to boast a larger scale of combined operations, and recorded revenue levels that eclipse its competitors.
Among the international leaders
The shipbuilding industry is one of South Korea’s major economic sectors, with the country having a strong global presence in the market. The majority of worldwide shipbuilding orders are split between China and South Korea, with Japan falling behind recently. As such, South Korea's key prominent on the global stage.
Domestic market share of leading shipbuilding companies in South Korea in 2024, based on gross tonnage
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DART. (March 17, 2025). Domestic market share of leading shipbuilding companies in South Korea in 2024, based on gross tonnage [Graph]. In Statista. Retrieved June 07, 2025, from https://www.statista.com/statistics/1079715/south-korea-leading-shipbuilding-companies-based-on-domestic-market-share/
DART. "Domestic market share of leading shipbuilding companies in South Korea in 2024, based on gross tonnage." Chart. March 17, 2025. Statista. Accessed June 07, 2025. https://www.statista.com/statistics/1079715/south-korea-leading-shipbuilding-companies-based-on-domestic-market-share/
DART. (2025). Domestic market share of leading shipbuilding companies in South Korea in 2024, based on gross tonnage. Statista. Statista Inc.. Accessed: June 07, 2025. https://www.statista.com/statistics/1079715/south-korea-leading-shipbuilding-companies-based-on-domestic-market-share/
DART. "Domestic Market Share of Leading Shipbuilding Companies in South Korea in 2024, Based on Gross Tonnage." Statista, Statista Inc., 17 Mar 2025, https://www.statista.com/statistics/1079715/south-korea-leading-shipbuilding-companies-based-on-domestic-market-share/
DART, Domestic market share of leading shipbuilding companies in South Korea in 2024, based on gross tonnage Statista, https://www.statista.com/statistics/1079715/south-korea-leading-shipbuilding-companies-based-on-domestic-market-share/ (last visited June 07, 2025)
Domestic market share of leading shipbuilding companies in South Korea in 2024, based on gross tonnage [Graph], DART, March 17, 2025. [Online]. Available: https://www.statista.com/statistics/1079715/south-korea-leading-shipbuilding-companies-based-on-domestic-market-share/
