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Hyundai Heavy-DSME merger ruptured

General 14:31 January 14, 2022
Hyundai Heavy-DSME merger ruptured
Hyundai Heavy-DSME merger ruptured

Seen here is the shipyard of Hyundai Heavy Industries Group in Ulsan, 410 kilometers southeast of Seoul, on Jan. 14, 2022, when the shipbuilder's planned merger with Daewoo Shipbuilding & Marine Engineering Co. (DSME) miscarried due to the European Commission's decision against it, citing a possible monopoly in the liquefied natural gas (LNG) carrier market. (Yonhap)
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14:31 January 14, 2022
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