Daewoo Shipbuilding and Marine Engineering to be sold to Hanwha Group
![DSME shipyard in Geoje, South Gyeongsang. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2022/09/26/ad9f6e0d-2d55-4204-a488-5f97ac1bf3a8.jpg)
DSME shipyard in Geoje, South Gyeongsang. [YONHAP]
The government including the Finance Ministry, Trade, Industry and Energy Ministry and the Korea Development Bank, which holds the largest stake in the Korean shipbuilder, held a meeting on Monday to make a decision on the acquisition.
The state-owned bank holds a 55.7 percent stake in DSME.
DSME was supposed to be sold to Hyundai Heavy Industries. However, the acquisition fell through after European opposition over concerns of Korean shipbuilders’ monopolizing the LNG carrier market.
Hanwha previously attempted to buy DSME in 2008.
BY LEE HO-JEONG [lee.hojeong@joongang.co.kr]
with the Korea JoongAng Daily
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