HD Korea Shipbuilding & Offshore Engineering: Key takeaways from Palantir technology seminar Quick Note

研报英文原文证据摘录

HD Korea Shipbuilding & Offshore Engineering: Key takeaways from Palantir technology seminar Quick Note

Global Markets Research

HD Korea Shipbuilding & Offshore Engineering 17 June 2026

009540.KS 009540 KS

EQUITY: CAPITAL GOODS

RatingKey takeaways from Palantir technology seminar Remains Neutral

Target price KRW 410,000 RemainsQuick Note

Closing price

16 June 2026 KRW 438,500HD Hyundai Group’s AI implementation roadmap

HD KSOE hosted an analyst seminar showcasing its Palantir-based (PLTR US, Not rated)

AI implementation, which we view as an incremental but not yet a transformational positive

for its operating efficiency. Since signing a group-wide contract with Palantir in September Research Analysts

2022 and forming a joint venture in December 2022, HD Hyundai Group (267250 KS, Not Korea Capital Goods

rated) has been building an "Enterprise OS" that integrates fragmented legacy systems Eon Hwang - NFIK

into a unified ontology. The first phase (2024-25) focused on: 1) resolving core bottlenecks eon.hwang@nomura.com

and 2) improving cost efficiency. These delivered measurable results. The second phase +822 3783 2318

(2026 onward) targeted end-to-end optimization and group-wide rollout, with management

citing potential for further cost and working capital improvements. The long-term goal for

HD Hyundai Group’s “Future of Shipbuilding” project is to improve shipyard productivity by

30% and reduce shipbuilding time by 30% by 2030E, with the Palantir partnership playing

a key role in that roadmap.

Contributions to operating efficiency and cost savings

Regarding cost savings, KSOE introduced automation software for steel plate grouping,

and “Steel360” raw material sourcing optimization systems. According to the company, the