Bangeojin is an area in the
Dong-gu district of
Ulsan,
South Korea. It houses the world's largest shipbuilding plant, belonging to
Hyundai Hyundai is a South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups:
* Hyundai Group, parts of the former conglomerate which have not been divested
** Hyundai Mobis, Korean car parts company
** Hyundai As ...
. It was an
''eup'' from 1936 to 1962, when it was absorbed into the new city of Ulsan.
Bangeojin was the site of shipbuilding activity beginning in 1929, when the Japanese colonial regime established an iron works there.
The Hyundai shipbuilding works was established there in 1972.
References
Geography of Ulsan
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