South Korean shipbuilding company Hyundai Heavy Industries Holdings (HHIH) has signed a memorandum of understanding (MoU) with Korea Investment Corporation (KIC) for mergers and acquisitions (M&A) opportunities of developing technology firms.
The duo has agreed to invest nearly KRW1tn ($900m) into a fund, which will be used in developing business relationships.
Under the agreement, the entities will jointly seek to acquire companies focused on the development of technologies that can improve...
https://www.ship-technology.com/news/hyundai-shipyard-targets-kic-tie-up/