Ulsan in the context of "Hyundai Heavy Industries"

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⭐ Core Definition: Ulsan

Ulsan (Korean울산; Korean pronunciation: [uɭ.s͈an]), officially the Ulsan Metropolitan City, is South Korea's seventh-largest metropolitan city and the eighth-largest city overall, with a population of over 1.1 million inhabitants. It is located in the south-east of the country, neighboring Busan to the south and facing Gyeongju to the north.

Ulsan is the industrial powerhouse of South Korea, forming the heart of the Ulsan Industrial District. It has the world's largest automobile assembly plant, operated by the Hyundai Motor Company; the world's largest shipyard, operated by Hyundai Heavy Industries; and the world's third largest oil refinery, owned by SK Energy. In 2020, Ulsan had a GDP per capita of $65,352, the highest of any region in South Korea.

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Ulsan in the context of Busan

Busan (Korean: 부산; pronounced [pusan]), officially Busan Metropolitan City, is South Korea's second most populous city after Seoul, with a population of over 3.3 million as of 2024. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, with its port being South Korea's busiest and the sixth-busiest in the world. The surrounding "Southeastern Maritime Industrial Region" (including Ulsan, South Gyeongsang, Daegu, and part of North Gyeongsang and South Jeolla) is South Korea's largest industrial area. The large volumes of port traffic and urban population in excess of 1 million makes Busan a Large-Port metropolis using the Southampton System of Port-City classification. As of 2025, Busan Port is the primary port in Korea and the world's sixth-largest container port.

Busan is divided into 15 major administrative districts and a single county, together housing a population of approximately 3.6 million. The full metropolitan area, the Southeastern Maritime Industrial Region, has a population of approximately 8 million. The most densely built-up areas of the city are situated in a number of narrow valleys between the Nakdong and the Suyeong Rivers, with mountains separating most of the districts. The Nakdong River is Korea's longest river and Busan's Haeundae Beach is also the country's largest.

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Ulsan in the context of South Gyeongsang Province

South Gyeongsang Province (Korean: 경상남도, romanizedGyeongsangnam-do, Korean pronunciation: [kjʌŋ.saŋ.nam.do]) is a province in the southeast of South Korea. The provincial capital is at Changwon. It is adjacent to the major metropolitan center and port of Busan. The UNESCO World Heritage Site Haeinsa, a Buddhist temple that houses the Tripitaka Koreana and tourist attraction, is located in this province. Automobile and petrochemical factories are largely concentrated along the southern part of the province, extending from Ulsan through Busan, Changwon, and Jinju.

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Ulsan in the context of Southeastern Maritime Industrial Region

The Busan-Ulsan Metropolitan Area, centered on the harbor cities of Busan and Ulsan, is the Republic of Korea's second-largest metropolitan area in terms of population and is the country's second-most developed region as well. It is also an industrial region for shipbuilding, international trade, and heavy industries, such as car making and chemical production.

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Ulsan in the context of Yeongnam

Yeongnam (Korean영남, Korean pronunciation: [jʌŋ.nam]; literally "south of the ridge") is a region that coincides with the former Gyeongsang Province, one of the ancient Eight Provinces, in what is now South Korea.

The region includes the modern-day provinces of North and South Gyeongsang and the autonomous Metropolitan cities of Busan, Daegu, and Ulsan. The regional name is used (with a slightly different spelling) as the name of Yeungnam University.

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Ulsan in the context of Discrete manufacturing

Discrete manufacturing is the production of items that are distinct from one another. Examples of discrete manufacturing products are automobiles, furniture, smartphones, and airplanes. The resulting products are easily identifiable and differ greatly from process manufacturing where the products are undifferentiated, for example oil, natural gas and salt.

Discrete manufacturing is often characterized by individual or separate unit production. Units can be produced in low volume with very high complexity or high volumes of low complexity. Low volume/high complexity production results in the need for a flexible manufacturing system that can improve quality and time-to-market speed while cutting costs. High volume/low complexity production puts high premiums on inventory controls, lead times and reducing or limiting materials costs and waste.

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Ulsan in the context of Suwon

Suwon (Korean수원; Korean pronunciation: [sʰu.wʌn]) is the largest city and capital of Gyeonggi Province, South Korea's most populous province. The city lies approximately 30 km (19 mi) south of the national capital, Seoul. With a population of 1.2 million, Suwon has more inhabitants than Ulsan, though it enjoys a lesser degree of self-governance as a 'special case city'.

Traditionally known as the 'City of Filial Piety', modern Suwon retains a variety of historical landmarks. As a walled city, it is a popular destination for day-trippers from Seoul, with the wall itself—Hwaseong Fortress—receiving 1½ million visits in 2015.

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Ulsan in the context of Hyundai Motor Company

Hyundai Motor Company, often referred to as Hyundai Motors (Korean현대자동차) and commonly known as Hyundai (현대; [ˈhjəːndɛ]; 'modernity'), is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and owns a luxury cars subsidiary, Genesis. The three brands altogether make up the Hyundai Motor Group.

Hyundai operates the second largest automobile manufacturing facility in the world in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs approximately 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms. As of November 2024, Hyundai is the world's third-largest carmaker in terms of production, behind competitors Toyota and Volkswagen.

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