Daewoo Shipbuilding & Marine Engineering bought for $1.45 billion

Hanwha Group succeeds where compatriot Hyundai Heavy Industries did not

New owner: Daewoo Shipbuilding & Marine Engineering’s Okpo yard in South Korea. — New owner: Daewoo Shipbuilding & Marine Engineering’s Okpo yard in South Korea.Photo: LUCY HINE/TRADEWINDS

Amanda Battersby

Singapore

Published 2 May 2023, 23:34Updated 3 May 2023, 08:12

Daewoo Shipbuilding & Marine Engineering South Korea Hanwha Group Hyundai Heavy Industries Korea Development Bank