Business Merger of Hyundai Heavy Ind. and Hyundai Mipo to drive K-shipbuilding
By Diplomacy Journal Lee Kap-soo HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Aug. 27 that it is pursuing restructuring of its shipbuilding business to enhance global competitiveness and expand orders in Korea’s shipbuilding and defense sectors, as the MASGA project is set to go into full swing. On the 27th, HD KSOE, HD Hyundai Heavy Industries (HHI), and HD Hyundai Mipo (HMD) each held board meetings, where HHI and HMD approved a merger agenda. Following an extraordinary general meeting and merger review process, the two companies will relaunch this December as the