KSOE extends deadline for DSME acquisition January 26, 2021, by Jasmina Ovcina Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has extended the deadline for the acquisition of shares in compatriot Daewoo Shipbuilding and Marine Engineering (DSME) amid regulatory delays. The mega-merger deadline has been extended from September 2020 to June 2021 after KSOE signed a contract amendment with DSME on January 22, 2021. Hyundai Heavy Industries Holdings and Korea Development Bank signed a shares acquisition agreement to sell the bank’s shares in DSME in January 2019. The proposed tie-up will see HHI take over Geoje-based DSME from Korean state lender KDB, the majority shareholder owning a 55.7 percent stake in the company.