HD Hyundai Marine Engine wins $26.6m Samsung Heavy supply contract
The 36.1 billion won agreement represents 9% of the manufacturer's 2025 revenue and locks in propulsion machinery deliveries running through June 20, 2029.
HLBy Hyun-jung Lee, Korea correspondent, shipbuilding and defense··Updated November 9, 2026·3 min read
ShareLinkedInXWhatsAppEmailA technician inspects a large marine engine inside an HD Hyundai Marine Engine manufacturing facility. (AI-generated image)
HD Hyundai Marine Engine said Nov. 9, 2026, it won a 36.1 billion won ($26.6 million) contract from Samsung Heavy Industries to supply marine engines through mid-2029.
The order represents 9.0% of the engine builder's 2025 consolidated annual revenue of 402.4 billion won. Conversion reflects the initial market rate of 1,357.9 won per dollar cited in the regulatory filing submitted to the Financial Supervisory Service.
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Korea correspondent, shipbuilding and defense — Hyun-jung Lee reports on Korean yards, order books and naval programs, and on the defense export contracts that increasingly sit alongside them.
