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Korean review of Hyundai Heavy-Daewoo Shipbuilding deal to continue despite EU block

( January 13, 2022, 13:24 GMT | Official Statement) -- MLex Summary: The Korea Fair Trade Commission said in a brief statement to reporters that it will continue to review Hyundai Heavy Industries' proposed takeover of competitor Daewoo Shipbuilding & Marine Engineering, despite the EU's prohibition today. But the regulator added that it is usual for companies to withdraw merger proposals when competition authorities in other jurisdictions prohibit them and that its review will end if Hyundai Heavy does so....

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