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;[2] the world's largest shipyard, operated by Hyundai Heavy Industries;[3] and the world's third largestoil refinery, owned by SK Energy.[4] In 2020, Ulsan had a GDP per capita of $65,352, the highest of any region in South Korea.
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