Hyundai Heavy Industries announce the appointment of Mr K.Y. Kong as the new COO (Chief Operating Officer) of the Hyundai Construction Equipment division.

Mr K.Y. Kong has been working for Hyundai for 30-years and has held a number of positions within the company, which include, Head of global Forklift Sales and Head of Production. Mr Kong will continue with maximising operational excellence in both development and production.

Mr K.Y Kong said “Technology, quality, marketing and HR are the key drivers for sustainable growth in our business. I am very confident that by focusing on these 4 pillars we will deliver great value to our customers, grow our market-share, and achieve our goal of becoming a global top-three construction equipment manufacturer and a top-ten material handling equipment manufacturer.”

Mr. K.Y. Kong has succeeded Mr S.G. Rhee as the Chief Operating Officer of the Hyundai Construction Equipment division. Mr S.G. Rhee retired recently but he leaves an impressive track record. During the past years he has steered the company through challenging times amid a recessive economy in global markets like Brazil, Russia, China and many others. He has also initiated a comprehensive program to reduce operating costs and to re-align and minimise the number of key suppliers. Mr. S.G. Rhee says “Mr K.Y Kong and I have managed numerous projects together this makes me believe that this transition should work out smoothly.”

Hyundai Heavy Industries Europe wishes Mr S.G. Rhee (who has been Managing Director from HHIE from 2011 to 2014) a well-deserved and happy retirement.