STX started out in shipbuilding after gaining control over Jinhae-based Daedong Shipbuilding, which has been in business since 1967, but it was only in 2007 that it first ventured on a large scale basis into offshore.
In quick succession, South ¬Korea’s youngest and possibly its fastest growing conglomerate ¬acquired Norway’s Aker Yards together with its 15 yards worldwide and invested $1.5
