Korea’s Hanwha Group formally completed its $100 million acquisition of what is now Hanwha Philly Shipyard on December 19, 2024. New leadership is now in place, with David Kim taking the role of CEO to guide the shipyard through the transition. Kim previously served as executive vice president for Hanwha Defense USA and played an instrumental role leading the planning for Hanwha’s acquisition of Philly Shipyard.
“Hanwha Philly Shipyard begins an exciting new chapter today,” said Kim. “We plan to...