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Economy of Ulsan

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industrial plants and factories were developed, including in particular an oil refinery, fertilizer plants, automobile production and heavy industries. The shipbuilding port Bangeojin became part of the city in 1962.

Ulsan is currently the home of the world's largest automobile assembly plant operated by Hyundai Motor, the world's largest shipyard, operated by Hyundai Heavy Industries and the world's largest oil refinery owned by SK Energy

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