Hanwha Group signed a conditional memorandum of understanding to acquire a 49.3 percent stake and managerial control of Daewoo Shipbuilding & Marine Engineering Co. (DSME)
The acquisition of DSME, the world’s fourth-largest shipbuilder, boosts Hanwha’s key defense and green energy sectors.
Hanwha Aerospace Co., Hanwha Systems Co., and four other Hanwha affiliates will take part in the 2 trillion won rights offering to acquire the DSME shares.
Hanwha is South Korea’s seventh-largest conglomerate.
The Korea Development Bank (KDB), DSME’s main creditor, will hold a 28.2 percent stake in the shipyard, down from the current 55.7 percent.
Past sales attempts by KDB fell through, including Hanwha’s first bid in 2008 to buy DSME for 6.32 trillion won in the wake of the global financial crisis.


Araqchi Leads Iran’s Diplomatic Push as U.S. Talks and Oil Market Tensions Rise
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom
Iran Proposes Strait of Hormuz Reopening Deal Amid Stalled U.S. Talks
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case
Global PCB Prices Surge Amid Middle East Conflict and Supply Chain Disruptions
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips
U.S. Budget Airlines Seek $2.5 Billion Government Aid Amid Rising Jet Fuel Costs
Iran-Pakistan Diplomacy and Strait of Hormuz Tensions Push Oil Prices Above $100
Why Global Web3 Projects Can't Afford to Skip South Korea: TokenPost Unveils Data-Driven Entry Solutions
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation
U.S. and EU Strengthen Critical Minerals Partnership to Reduce China Dependence
Dollar Holds Firm as Middle East Tensions and Central Bank Decisions Keep Markets on Edge
Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth
Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 



