For the third consecutive year, HD Hyundai’s Senior Vice President Jeong Gi-seon attended the World Economic Forum Annual Meeting in Davos, Switzerland, where he introduced the future of Korean shipbuilding and discussed cooperation in the energy sector, the company announced on the 23rd from Seoul.
The Davos Forum is a platform where global leaders from politics, academia, and business gather to discuss and find solutions for worldwide issues. This year’s forum, held from the 20th to the 24th (local time), centers on the theme “Partnering for an Intelligent Future.”
This marks Jeong’s third attendance at the Davos Forum. During the forum, he participated in meetings with the Oil & Gas Governors and the Supply Chain & Transport Governors to discuss strategies for realizing a multifuel future through energy transition and improving the efficiency of ship construction and operation using digital technology.
Jeong also appeared in a promotional video for Palantir Technologies, a global big data firm, where he unveiled the blueprint for a futuristic shipyard, the FOS (Future-Oriented Shipyard). The FOS incorporates advanced technologies such as virtual and augmented reality, robotics, automation, and artificial intelligence.
The video, showcased at Palantir’s booth on Davos Promenade, featured interviews with Jeong and HD Hyundai members, highlighting the FOS project and illustrating how digital technology can transform the future of shipyards through collaboration with Palantir.
In the video, Jeong stated, “HD Hyundai has led the world shipbuilding industry with groundbreaking technology for decades. We aim to achieve new levels of productivity and stability through innovative technologies like AI and digital twins.”
Since 2021, HD Hyundai has been pursuing the FOS project, which aims at the digital transformation of its shipbuilding business. This project focuses on enhancing productivity through big data, AI, and automated facilities, with the goal of creating an “intelligent autonomous operating shipyard” that minimizes human intervention.
By the project’s completion in 2030, productivity is expected to increase by 30%, and shipbuilding time is anticipated to be reduced by 30%.