HD Hyundai began its shipbuilding business in 1972 and has grown into a comprehensive heavy industries company. In March 2022, on its 50th anniversary, the company changed its name from Hyundai Heavy Industries Group to HD Hyundai. Based on its shipbuilding business, it has also expanded into marine plants, engine machinery, electrical and electronic systems, green energy, and construction equipment businesses. The group completed a business division in 2017 during its time as Hyundai Heavy Industries Group, becoming a holding company system.