As the Korea Times reports, Hyundai Heavy Industries is facing protests from Ulsan City over its goal to establish the headquarters of Korea Shipbuilding & Offshore Engineering, the newly merged company of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME), in Seoul.
Ulsan, home to the world’s biggest shipbuilder, highlighted that the new company is a genuine head office of Hyundai Heavy Industries, thus the new firm should be headquartered in Ulsan, not Seoul.
The...