# Who are HD Korea Shipbuilding & Offshore Engineering's customers? Who does HD Korea Shipbuilding & Offshore Engineering earn revenue from?
Canonical: https://valuechain.wiki/hd-korea-shipbuilding-offshore-engineering · Facet: customers · Updated: 2026-07-12T04:15:03.162+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: HD Korea Shipbuilding & Offshore Engineering discloses no named confirmed revenue counterparties; 3 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 3 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-07-12).

### 글로벌 선주 (연결 조선 — LNG선·컨테이너선) (high)
- metric: Market share 84% · 연결 매출 중 조선 · annual report
- note: Consolidated shipbuilding is 84% of revenue - three yards (Heavy, Mipo, Samho) build LNG carriers, high-value gas ships, boxships and warships; the QatarEnergy LNG program and supercycle anchor demand.
- [confirms] FSS DART (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320001032: "Revenue: shipbuilding 84%, offshore 4%, engines 10%; three shipbuilding subsidiaries."
- [mentions] Nikkei Asia (EN, news, published 2025-06-01) https://asia.nikkei.com/business/transportation/shipping-shipbuilding: "Korean yards ride the LNG/Qatar supercycle."

### 조선소·발전사 (연결 엔진기계 — 대형·중형엔진) (high)
- metric: Market share 10% · 연결 매출 중 엔진기계
- note: Consolidated engines are 10% of revenue - large and medium marine engines, HiMSEN and land gensets sold worldwide, with HD Hyundai Heavy as the engine-making core.
- [confirms] FSS DART (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320001032: "Engines are 10% of consolidated revenue: large/medium engines and land gensets."

### 글로벌 선주 (LNG·컨테이너·상선) (high)
- note: HD Hyundai's shipbuilding intermediate holding (Heavy, Mipo, Samho): supercycle LNG and container ship orders as the world's largest shipbuilding group; expanding US Navy MRO.
- [mentions] Finance Scope (KO, news, published 2025-02-21) https://www.finance-scope.com/article/view/scp202502210012: "Intense LNG-carrier order competition among the big-three shipbuilders."

Reverse side: https://valuechain.wiki/hd-korea-shipbuilding-offshore-engineering/suppliers.md · Ripple: https://valuechain.wiki/hd-korea-shipbuilding-offshore-engineering/ripple.md

---
Full node: https://valuechain.wiki/hd-korea-shipbuilding-offshore-engineering.md · JSON: https://valuechain.wiki/hd-korea-shipbuilding-offshore-engineering.json