The order is estimated to be worth KRW 83 billion ($70 million).
One of the unnamed owners is based in Asia, while the other is from Europe, according to HMD.
The two ships will be built at Hyundai Mipo Dockyard in Ulsan and Hyundai Vinashin Shipyard in Vietnam, and are scheduled for delivery to their owners in the second half of 2021.
The order is helping Korea Shipbuilding and Offshore Engineering maintain its lead in the market, having secured a total of 18 product carrier orders in the second quarter of 2020.
