Korean shipbuilders seek overseas yards for surging orders26 Nov 2023 09:01
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"South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they have secured works for the next five years."
"HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediate holding firm of South Korea’s top shipyard HD Hyundai Co., started considering takeovers of overseas shipbuilders, according to industry sources in Seoul on Sunday.
“We kept the door open for acquisitions of foreign shipbuilders and other measures as we need to compete against Chinese rivals in the long run,” said an HD KSOE executive at an earnings conference call for the third quarter."