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South Korea's Hyundai Heavy to acquire affiliate Hyundai Mipo in global expansion

By Wooyoung Lee ( August 28, 2025, 08:45 GMT | Insight) -- South Korea's HD Hyundai Heavy Industries, the world’s largest shipbuilder, has announced plans to merge with its affiliate HD Hyundai Mipo, creating a Singapore-based investment entity to oversee subsidiaries in Vietnam and the Philippines and drive an overseas expansion. The planned merger will consolidate Hyundai’s two shipbuilding units under one platform, aimed at improving operational efficiency and streamlining the decision-making process for global operations. South Korea's HD Hyundai Heavy Industries, the world’s largest shipbuilder, has announced plans to merge with its affiliate HD Hyundai Mipo, creating a Singapore-based investment entity to drive an overseas expansion....

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