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HD Hyundai Heavy Industries to merge with HD Hyundai Mipo

( August 27, 2025, 08:42 GMT | Official Statement) -- MLex Summary: HD Hyundai Heavy Industries, the world’s largest shipbuilder, announced plans to acquire its sister company HD Hyundai Mipo, in a move aimed at strengthening overseas business operations. The planned merger will create an investment entity in Singapore, which the companies said will serve as a hub for planning and managing their global businesses. The announcement comes after South Korea committed a massive investment and joint partnerships in the US to help revive the American shipbuilding industry. In 2024, HD Hyundai Heavy Industries posted a turnover of 14 trillion won ($10.3 billion) while HD Hyundai Mipo reported a turnover of 4.6 trillion won in the same year. Under South Korea’s competition law, mergers are subject to mandatory filing with the Korea Fair Trade Commission when one party reports annual turnover exceeding 300 billion won and the other surpasses 30 billion won. The announcement, in Korean, follows: ...

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