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M&A Expected for South Korea’s Shipbuilding Industry

/M&A Expected for South Korea’s Shipbuilding Industry

M&A Expected for South Korea’s Shipbuilding Industry

The new South Korean Finance Minister has stated that he will seek to reorganize the domestic shipbuilding industry through mergers and acquisitions and will push to have just two dominant shipyards—the “Big Two” system. This suggests that struggling DSME could be taken over by either Hyundai or Samsung by the end of 2018. All three are currently being restructured with DSME in the process of implementing its self rescue plan following a second rescue package was approved in April requiring further cost cuts and job losses.

2017-08-04T11:08:14+00:00 June 16th, 2017|