- Attending the World Economic Forum Annual Meeting 2025 for
the third consecutive year
- Participating in the Oil & Gas Governors session and
other discussions, focusing on energy transition and transportation
cooperation
- Introducing an Intelligent Future Shipyard with AI
integration in collaboration with Palantir
SEOUL,
South Korea, Jan. 22,
2025 /PRNewswire/ -- HD Hyundai Executive Vice
Chairman Chung Kisun attended the
World Economic Forum Annual Meeting 2025 ("Davos Forum") in
Davos, Switzerland, where he
introduced the future of K-shipbuilding and discussed cooperation
in the energy sector.
The Davos Forum serves as a global platform where leaders from
politics, business, and academia gather to address and find
solutions to pressing global challenges. This year's event, themed
"Collaboration for the Intelligent Age," takes place from
January 20 to 24. Chung's
participation marks his third consecutive year at the forum,
following his first attendance in 2023.
During the forum, he took part in the Oil & Gas Governors,
and Supply Chain & Transport Governors meetings consecutively,
focusing on cooperation plans for realizing a Multi-Fuel Future,
which includes energy transition and transportation, as well as
optimizing the building and operating of Software-Defined Vessels
through digital technology.
These two governors' meetings bring together CEOs from leading
global companies, including A.P. Moller-Maersk, PSA International,
Shell, and TotalEnergies.
Chung also unveiled the blueprint for the Future of Shipyard
(FOS) project through a promotional video by the global big data
company, Palantir Technologies ("Palantir"). The FOS is an advanced
future shipyard that implements digital technologies such as data,
virtual and augmented reality, robotics, automation, and artificial
intelligence.
This video, showcased at Palantir's booth on Davos Promenade,
featured interviews with Chung and other HD Hyundai executives. It
provided a glimpse of how cutting-edge digital
technologies—including collaboration with Palantir—could transform
the shipyard of the future.
"For many decades now, HD Hyundai has been leading the world's
shipbuilding industry with the most innovative technologies." said
Executive Vice Chairman Chung. "(We are) drawing on the latest
innovation in AI, digital twins, and so much more to transform our
shipyards, unlocking a whole new level of productivity and
safety."
Since 2021, HD Hyundai has been driving the digital
transformation of its shipbuilding business through the FOS
project. This initiative focuses on enhancing on-site productivity
using advanced technologies, with the goal of ultimately realizing
an Intelligent Autonomous Operating Shipyard with minimal human
intervention. HD Hyundai plans to complete the FOS project by 2030,
with the goal of achieving a 30% improvement in productivity and a
30% reduction in greenhouse gas emissions.
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SOURCE HD Hyundai
