Workers' unions at Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are resisting the planned acquisition by the former of the latter, writes Russell Searancke.
Earlier this year, Hyundai signed a definitive agreement with Korea Development Bank whereby the bank will provide its 55.7% shareholding in DSME to Hyundai as a contribution in kind.
In return, the bank will receive 1.25
