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Incorporated Hyundai Electrosystems

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Achived Total 800,000MVA Production in Transformers

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Incorporated Hyundai Power Transformer USA

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Achived Total 700,000 MVA Production in Transformers
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Achived Total 600,000 MVA Production in Transformers

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Award for Power Transmission Equipment Company of the Year from Frost & Sullivan

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Completed 400 kV Transformer Factory
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Expanded 550 kV GIS Factory

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Incorporated Hyundai Ideal Electric Company

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Expanded 500 kV Transformer Factory

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Selected as "Korean World-class Product Award 2004" by Ministry of Commerce, Industry and Energy Republic of Korea (Synchronous Marine Generator)

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Incorporated Hyundai Heavy Industries(China) Electric Company
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Establishment of Research & Development Institute for EV(Electric Vehicle) equipment and Distributed Generation System. (Joint Venture with ENOVA, U.S.A.)

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Changed the name of Division from Industrial & Power Systems to Electro Electric Systems

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Completed 800kV Transformer, GIS Factory & Test Facility

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Establishment of Research & Development Company for Rotating Machinery in Hungary named Hunelec Engineering & Technogies kft.
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Production of the 5,000th Generator

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Incorporated Hyundai Heavy Industries Bulgaria Company
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Production of the 1st 44 MW Steam Turbine for HEI

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Completion of Rotating Machinery Plant

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Merged into Hyundai Heavy Industries Co., Ltd.
(Industrial & Power Systems Division)

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Achievement of Certificate of Registration to Standards Australia (SAQAS) and International Organization for Standardization (ISO) for all Divisions.
[AS 3901-1987/NZS 9001: ISO 9001-1987]

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Merger of HIMCO

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Completion of PCB & Inverter Factory
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Achievement of Certificate of Registration to Standards Australia (SAQAS) and International Organization for Standardization (ISO) for Transformer.
[AS 3901-1987/NZS 9001: 1990/ISO 9001-1987]
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Selected as the Company of First Grade for Quality Control by Korean Government
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Achievement of Certificate of Registration to Canadian Standards Association(CSA) and International Organization for Standardization (ISO) for Transformer [ CAN 3-Z 299.1-1985+ISO 9001-1987 ]

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Incorporation of Small Size Motor Company "HIMCO"
(Joint Venture Co. with General Electric, U.S.A.)

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Award of Grand Prix for Quality Control and Standardization

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Dedication of Power Electronics Factory

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Completed Circuit Breaker Factory
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Incorporation of Korea Industrial Services Co., Ltd.
(Joint Venture Co. with Westinghouse Electric S.A. U.S.A.)

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Incorporation of Research & Development Institute

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Opening ceremony for the Rotating Machinery Test Laboratory

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Opening ceremony for the Ultra-High-Voltage Transformer Test Laboratory
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Completed Rotating Machinery Factory

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Incorporation of the Company in the name of Hyundai Electrical Engineering Co., Ltd. (HEECO)
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Dedication of the Transformer Factory No. 2 for manufacturing up to 525kV
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Dedication of the Transformer Factory No. 1 for manufacturing up to 154kV
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Lloyd's Register of Shipping (LRS) approval of the EED products
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Completed Switchgear Factory

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Inauguration of Electrical Engineering

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Establishment of Electrical Department of Hyundai Heavy Industries in Ulsan