South Korean shipbuilding companies HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD) have revealed plans to merge into a single entity.
Courtesy of HD Hyundai
The two companies are affiliates of HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai’s intermediate holding company. HD KSOE explained 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 ‘Make American Shipbuilding Great Again (MASGA)’ project is set to go into full swing.
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