Korea's three major shipbuilders have surpassed their targets for ship orders this year.
The head of the Korea Development Bank (KDB) openly criticized the country's antitrust agency for its lack of support for the ongoing mergers of major Korean companies, such as the merger of Korean Air and Asiana Airlines.
Daewoo Shipbuilding & Marine Engineering (DSME) won a 985.7 billion won ($845 million) contract to supply a single submarine to Korea's Defense Acquisition Program Administration.
Daewoo Shipbuilding & Marine Engineering (DSME) said Tuesday that it swung to a net loss in the first half from a year ago due to increased costs and allowances.
Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations.
Korea Shipbuilding & Offshore Engineering (KSOE) said Wednesday that it has agreed with a state-run lender to extend a deal to buy Daewoo Shipbuilding & Marine Engineering (DSME) by three months.
Daewoo Shipbuilding & Marine Engineering (DSME) set up an ESG division to support its eco-friendly business in step with increasing renewable energy use in the shipbuilding industry, the shipbuilder said Thursday.
Daewoo Shipbuilding & Marine Engineering (DSME) said Monday that it has signed a 1.1 trillion won ($1 billion) deal to build a hull of an offshore facility.
The number of contracts for ship purchases so far this year have surged as the global economy starts to recover and demand for eco-friendly ships increases.
China's antitrust watchdog has approved the merger between two Korean shipbuilding companies, sources said Monday, possibly paving the way for the creation of the world's largest shipyard.