The Ministry of Oceans and Fisheries said there is a plan to "privatize" HMM but timing will depend on market conditions.
Hanwha Aerospace will be investing 1 trillion won ($698 million) for half of the 49.3 percent stake in the company. Hanwha Systems will be investing 500 billion won, Hanwha Impact Partners, a fund, 400 billion won and Hanwha Energy 100 billion won.
Daewoo Shipbuilding and Marine Engineering (DSME) is to be sold to Hanwha Group.
After watching recent movie "Hansan: Rising Dragon," what sticks in my mind is not admiral Yi Sun-shin or his enemy commander. Instead, I keep thinking about the oarsmen, who kept appearing briefly in intense battle scenes.
A 51-day strike by subcontractors of Daewoo Shipbuilding & Marine Engineering (DSME) exposed the company’s vulnerability to labor problems and cost it heavily, a major setback for a company up for sale.
Daewoo Shipbuilding & Marine Engineering (DSME) assets may be sold off if efforts to sell the whole company are unsuccessful, according to local press reports. But the Korea Development Bank (KDB), the largest shareholder of DSME, denied this Monday.
As the strike by subcontractors of Daewoo Shipbuilding & Marine Engineering (DSME) continues, Korea Development Bank (KDB), the largest shareholder of DSME, announced that it will not provide additional support if losses expand. Bankruptcy is also...
Doosan Heavy Industries & Construction ended a 23-month debt restructuring program, and announced turnaround plans.
Korea Development Bank, the main creditor of troubled Daewoo Shipbuilding and Marine Engineering (DSME), will review a sale of the shipbuilder from scratch following the European Commission’s veto of a merger with Hyundai Heavy Industries (HHI).
Korea Development Bank (KDB) Chairman Lee Dong-gull said no financial support for Edison Motors will be available unless the company has a clear and sustainable business plan for SsangYong Motor.