SEOUL -- South Korean conglomerate Hanwha Group has signed a deal to take over Daewoo Shipbuilding and Marine Engineering, the world's third-largest shipbuilder, for 2 trillion won ($1.52 billion).
Business deals
South Korea's Hanwha inks $1.5bn deal to buy Daewoo Shipbuilding
Defense contractor looks to bolster naval and submarine businesses
A Daewoo shipyard in southeastern South Korea. (Photo courtesy of Daewoo Shipbuilding)
Read Next
Latest on Business deals
