Financial Times FT.com

Hyundai bows to market change

By Christian Oliver and Song Jung-a

Published: November 11 2009 22:20 | Last updated: November 11 2009 22:20

When your engineers can build the world’s biggest propeller, making wind turbines is a doddle. Hyundai Heavy Industries knows the real challenge will be selling them.

At the sprawling Hyundai dockyard at Ulsan on the east coast of South Korea, a lone wind turbine beats steadily over the clatter of work, as welders and cutters clamber over towering hulls. It is a reminder that South Korea’s dirty manufacturing base has to create new business, and soon.

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