Hyundai Heavy Industries (HHI) finished its first day of trading up 86 percent, making it Korea’s most valuable shipbuilder.
The two-day public subscription period for Hyundai Heavy Industries' (HHI) initial public offering (IPO) began Tuesday with the company attracting over 5.5 trillion won in deposits on the first day.
Hyundai Heavy Industries Group closed a deal to acquire 30 percent of Doosan Infracore for 690.9 billion won ($600 million) through its Hyundai Genuine subsidiary.
Hyundai Heavy Industries applied for an initial public offering (IPO) to raise up to 1.08 trillion won ($934 million).
Hyundai Heavy Industries Holdings' net nosedived more than 90 percent in the April-June period compared to the previous quarter.
Korea Shipbuilding & Offshore Engineering announced Monday that it has inked deals to build six ships worth 837 billion won ($738 million).
Shipbuilders have received far more orders so far this year than they did last year.
The government announced that it will speed up the digital transformation (DX) of Korean manufacturers, including auto and steel makers and shipbuilders, in securing Korea's future growth.
Hyundai Heavy Industries Group said Thursday that it will nurture hydrogen-related business as its new growth engine amid tightened environmental regulations and rising demand for eco-friendly fuels.
Hyundai Heavy Industries officials, including co-CEOs Han Young-seok, left, and Lee Sang-kyun, second from left, attend an exhibition of photos of late Hyundai Group founder and leading business tycoon Chung Ju-young.