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History

A Future Made of Harmony and Hard work

Founded in 1973 at Okpo Bay with aspirations to be the world leader in shipbuilding, DSME has since grown to be the world's top shipbuilding and marine engineering company by the management and employees working together
A person welding and an aerial view of the shipyard
  • 1973 ~ 1978
    Laying the Foundation

    An event at the Okpo shipyard
    • 1973

      Held a groundbreaking ceremony for the Okpo Shipyard
      as the Korea Shipbuilding & Engineering Corp
    • 1978

      Established Daewoo Shipbuilding & Heavy Machinery
      Co., Ltd. (DSHM) and acquired the Okpo Shipyard
    • 1979

      Built the first chemical carrier
    • 1981

      Held a topping out ceremony for the completion of the
      Okpo Shipyard
    • 1983

      Completed construction of Dock II
  • 1984 ~ 1989
    Preparing for a
    Quantum Leap

    A dock with a large crane
    • 1984

      Established the Ship & Marine Technology Research
      Institute and acquired several international certifications
    • 1985

      Launched the MAST Business Innovation Movement
      and completed construction of a double hull
      300,000-ton VLCC
    • 1987

      Established the Daewoo Shipbuilding labor union and
      had a primary labor dispute
    • 1988

      Initiated self-recovery efforts as part of the
      rationalization measures for shipbuilding industry
    • 1989

      Launched the business strategic campaign of
      "Hope 90s"
  • 1991 ~ 1997
    Realizing "Hope 90s"

    A night view of the shipyard
    • 1991

      Posted the first profit in its history with the success
      of the Hope 90s
    • 1992

      Reached a stabilized level of business and acquired
      ISO 9001 certification
    • 1993

      Ranked No.1 globally in the amount of ship orders
      Completed the construction of Korea's first tactical
      submarine
    • 1994

      Merged with Daewoo Heavy Industries Ltd.
    • 1997

      Acquired environment management certification
      ISO 14001
  • 1998 ~ 2001
    Second Leap Forward

    No. 971 on standby
    • 1998

      Completed the construction of the first battleship and
      exported the first passenger ferries
    • 1999

      Received the Presidential Award for Precision
      Technology and the One Hundred Technologies Award
      Began a workout program as part of the Daewoo
      Group's restructuring effort
    • 2000

      Spin-off of Daewoo Shipbuilding in October
      Debt-for-equity swap in December Started
      new strategic campaign 'Global Top 2010'
      - a business innovation campaign for the new
        millennium
    • 2001

      Completed the workout program
      Relocated to new company premises
      Awarded the most LNG carrier orders in the world
  • 2002 ~ 2005
    Grooming to be a Global Leader

    People gathered around the monument of trust and passion
    • 2002

      Adopted a set of corporate core values, 'Trust' and
      'Passion' and commenced the PI project
    • 2003

      Named the world's best shipbuilder by Maritime
      Asia's Lloyd's List
    • 2004

      Deployed the first PI system in the world shipbuilding
      industry Launched the Future Leadership Center
    • 2005

      Constructed and delivered the world’s first LNG-RV
      Awarded the Transparent Management Grand Prize
      from the five economic organizations Named the best
      corporation in the Korea Best Corporation Awards
      LNG-RV was selected as one of the Korea's top 10 new
      technologies
  • 2006 ~ 2013
    Surging for Sustainable Growth (A Journey toward Sustainable Growth)

    A bird's eye view of a building
    • 2006

      DSSC began full operation Awarded orders worth over
      USD 10 billion Recognized as the best in corporate
      governance for the 4th year in a row
    • 2007

      Received the Transparent Management Award
      Won the Grand Prize at the 2007 Labor-
      Management Cooperation Awards
      Received the USD 6 billion Export Tower Awar
    • 2008

      Established the Seyoung Educational Foundation
      (Geoje College)
      Posted a revenue of KRW 11 trillion
      (USD 10 billion)
    • 2009

      Received the USD 10 billion Export Tower Award
      Established the DeWind Co. (wind energy business)
    • 2011

      Dry the world's largest offshore Pazflor FPSO oil production facilities Nation's first submarine export opening times DSME HEAVY INDUSTRIES ACADEMY unveiling ceremony
    • 2012

      Completed the construction of Novus II wind power plants
    • 2012

      Reached the total of USD 10 billion in offshore plant orders for the first time in the world shipbuilding industry
    • 2013

      Constructed and delivered 18,000TEU-class world's largest containership
    • 2013

      Established Indonesian shipbuilding engineering center
    • 2013

      Won world's biggest 263K LNG-FSRU