Page 67 - Daewoo News Today

The struggle for supremacy in the global shipbuilding industry has been thrown into turmoil, with the European Commission (EC) rejecting the merger of South Korean giants Hyundai and Daewoo. Hyundai Heavy Industries Co is already the world’s largest shipbuilder by tonnage and merging with world number three Daewoo Shipbuilding & Marine Engineering Co would have ...

SsangYong, Mahindra & Mahindra’s Korean acquisition, has been sold to Edison Motors. Click here for a detailed analysis.

While South Korea is not known for its submarine fleet, it possesses a decent-sized, quietly capable fleet. The ultimate goal of the Republic of Korea Navy (ROKN) is to produce their own diesel-electric attack submarine.

HIGH-VALUE TARGET. Operatives from Philippine Drug Enforcement Agency - Caraga and the Surigao City police account for the illegal items seized from Togbonon village chair Luther Elumba in the area on Tuesday (Jan. 18, 2022). Confiscated from the village official during the buy-bust at his residence were two grams of suspected shabu worth PHP15,000 and an unlicensed firearm. (Photo courtesy of PDEA-13) BUTUAN CITY - Anti-narcotics operatives arrested a barangay captain during a buy-bust in Surig...

Europe’s rejection of Hyundai Heavy Industries’ acquisition of Daewoo Shipbuilding Marine & Engineering has scuppered what would have been a major step toward consolidation in an industry where excessive competition weighs heavily on profits. The European Commission on Thursday vetoed the deal between the world’s second- and fourth-largest shipbuilders, on the grounds that the South ...

The European Commission stopped Hyundai Heavy Industries Holdings from acquiring Daewoo Shipbuilding and Marine Engineering Thursday in a bid to prevent the creation of an anti-competitive market. The...

The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group's proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues.

Hyundai Heavy mulls legal action against EU over veto of DSME takeover

SEOUL, Jan. 14 (Yonhap) -- South Korea's antitrust regulator said Friday it will end ...

The European Union on Thursday rejected the merger between South Korean shipbuilders Hyundai and Daewoo, saying a union between two of the world's biggest players in the industry would have given the combined company a global stranglehold on the production of liquefied natural gas carriers.