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Business deals

South Korean shipbuilder Hanjin Heavy put up for sale

Creditors agree to sell part of their 83% stake in troubled company

South Korean and Philippine creditors have agreed to sell part of their stakes in Hanjin Heavy Industries. (Photo courtesy of HHIC Philippines) 
KIM JAEWON, Nikkei staff writer | South Korea

SEOUL -- Hanjin Heavy Industries & Construction has been put up for sale after the troubled shipbuilder's creditors in South Korea and the Philippines agreed to sell part of their combined 83.45% stake by the end of this year.

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