Mergers & Acquisitions Mergers & Acquisitions

Hanwha-DSME deal to require reviews of some 10 competition authorities, Korea Development Bank chief says

By Wooyoung Lee
  • 27 Sep 2022 08:42
  • 27 Sep 2022 08:47
The proposed acquisition by South Korea’s Hanwha Group of Daewoo Shipbuilding & Marine Engineering, or DSME, will need approval from more than 10 competition authorities, said Kang Seok-hoon, chairman of the state-run Korea Development Bank, the major shareholder in the debt-ridden shipbuilder.
But he expects smooth sailing for the Hanwha-DSME

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Wooyoung Lee

Correspondent, Seoul

Wooyoung Lee is a correspondent based in MLex’s Seoul office, South Korea, covering antitrust, privacy and data security, mergers and acquisitions and financial services. Wooyoung has more than a decade of experience in journalism, public policy and research. She has worked and written for news outlets including The Korea Herald, Al Jazeera International, Bloomberg BNA, Monocle, among others.

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