Most Popular
-
1
[Exclusive] Korean military set to ban iPhones over 'security' concerns
![[Exclusive] Korean military set to ban iPhones over 'security' concerns](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
-
2
Korean, Romanian leaders discuss defense tech, nuclear energy
-
3
S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
-
4
Yoon’s jailed mother-in-law excluded from latest parole list
-
5
Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
![[Exclusive] Korean military set to ban iPhones over 'security' concerns](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
-
6
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
![[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/24/20240424050844_0.jpg&u=20240424200058)
-
7
Korea’s homegrown nanosatellite successfully launches into space
-
8
[Pressure points] Leggings in public: Fashion statement or social faux pas?
![[Pressure points] Leggings in public: Fashion statement or social faux pas?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050669_0.jpg&u=)
-
9
Nicaragua shuts down Seoul embassy
-
10
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
![[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/24/20240424050844_0.jpg&u=20240424200058)
![[Pressure points] Leggings in public: Fashion statement or social faux pas?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050669_0.jpg&u=)
Gov’t to announce restructuring plans for shipbuilding, steel industry
By 안성미Published : Sept. 26, 2016 - 17:44
[THE INVESTOR] South Korea’s trade minister on Sept. 26 said a set of restructuring measures aimed at improving the competitiveness of the troubled industries, including shipbuilding, steel and petrochemicals will be announced on Sept. 30.
“Starting with steel and petrochemicals industry, we will announce which firms will go under restructuring,” said Minister of Trade, Industry and Energy Joo Hyung-hwan during a regular parliamentary audit.
The restructuring measures will be based on the result of reviews of the three industrial sectors conducted by three private consulting firms that will be made public on Sept. 28.
“Starting with steel and petrochemicals industry, we will announce which firms will go under restructuring,” said Minister of Trade, Industry and Energy Joo Hyung-hwan during a regular parliamentary audit.
The restructuring measures will be based on the result of reviews of the three industrial sectors conducted by three private consulting firms that will be made public on Sept. 28.
McKinsey & Company is reporting on the shipbuilding industry, while Boston Consulting Group is in charge of the steel industry. Bain & Co. will review the petrochemical industry.
Industry watchers are concerned whether the review will suggest merging three big shipbuilders -- Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries -- as a solution to stay afloat.
By Ahn Sung-mi (sahn@heraldcorp.com)
