... review of the acquisition three times in the past two years due to the COVID-19 pandemic. The regulator has set a Jan. 20 deadline for its conclusion. In March 2019, Hyundai Heavy's main creditor Korea Development Bank agreed to provide the 56 percent stake it holds in Daewoo Shipbuilding to Hyundai Heavy in exchange for a stake worth 1.25 trillion won ($1 billion) in Korea Shipbuilding & Offshore Engineering Co. (KSOE). KSOE is Hyundai Heavy Industries Group's subholding company and has three affiliates -- Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. and Hyu...

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday that it has signed an 850 billion won ($762 million) deal to build an offshore plant. The deal is a part of a total 2.5 trillion won...has been on the recovery," said KSOE, the subholding company of Hyundai Heavy Industries Holdings Co., in an emailed statement. Hyundai Heavy Industries Co., a subsidiary of KSOE, will construct the ...

Large South Korean companies have actively engaged in mergers and acquisitions (M&A) this year despite the economic fallout of the coronavirus outbreak, industry data showed Wednesday. Big businesse...inancial Group Inc., a major South Korean banking group, which took over Prudential Life Insurance Co. of Korea Ltd. for about 2.3 trillion won. Korea Shipbuilding & Offshore Engineering Co., the shi...

South Korea will accelerate its corporate restructuring drive in shaky industries like shipbuilding and steelmaking in 2017 in a bid to gain a foothold for the future industrial revolution, the gover... overcome the protracted slump and mounting losses stemming from a delay in the construction of offshore facilities. The sector's restructuring plan is aimed at downsizing and promoting higher value-...

South Korea's troubled shipbuilding and shipping conglomerate STX Group is considering selling its European assets including its shipyards in France and Finland, a spokesman said Saturday. The group...holding company, STX Corp., the group is composed of 11 subsidiaries including its flagship STX Offshore & Shipbuilding Co. Ltd., STX Pan Ocean, STX Heavy Industries and STX Engine. STX Group has bee...

...roker Clarkson Plc. “This order could be a signal that things could be bottoming out for the shipbuilding industry,” said Lee Jae-won, an analyst at Tong Yang Securities Inc. in Seoul. Evergreen wil...s, according to the Copenhagen-based company. The first two are due to be delivered by Daewoo Shipbuilding & Marine Engineering Co. next year. Worldwide, orders for vessels able to carry more than 8,...