(November 13, 2026) MunmuBaram Co., Ltd. (“MunmuBaram”) signed a Memorandum of Understanding (MoU) with HD Hyundai Heavy Industries Co., Ltd. (“HHI”) for strategic cooperation in connection with the MunmuBaram 1 (392 MW) and MunmuBaram 3 (392 MW) floating offshore wind projects, currently under development off the coast of Ulsan, Korea.
We expect this cooperation with HHI, a global leader in shipbuilding and offshore engineering, to be a great strength in the successful development of our Ulsan floating offshore wind projects.
“We are delighted to cooperate strategically with HHI, a global leader in shipbuilding and offshore engineering,” said YoungKyu Ju, Project Director of MunmuBaram. “By combining our strengths, we will do our utmost to deliver the successful development of Ulsan’s floating offshore wind projects and to strengthen Korea’s domestic supply chain.”