South Korean chaebol Hanwha Corporation is set to enter the shipbuilding business after being named today (26 September) as a preferred bidder to buy most of state policy lender Korea Development Bank’s (KDB) holdings in Daewoo Shipbuilding & Marine Engineering (DSME).
Founded by Kim Chong-hee, Hanwha’s business spans the defence, aerospace, construction and finance sectors; the group is South Korea’s seventh-largest conglomerate. Hanwha is expected to acquire 49.3% of DSME’s shares for US$1.39...
https://container-news.com/hanwha-poised-to-take-charge-of-dsme/