Japan-South Korea rift

Hyundai Heavy eyes shipbuilding merger amid Japan trade row

HHIG and Daewoo Shipbuilding to seek antitrust approval for $1.5bn deal

20190828 Daewoo Hyundai

Hyundai Heavy Industries, the world's largest shipbuilder, is looking to acquire compatriot Daewoo Shipbuilding and Marine Engineering. (Source photos by Reuters)

KIM JAEWON and JADA NAGUMO, Nikkei staff writers
August 28, 2019 13:22 JST

SEOUL/TOKYO -- South Korea's two largest shipbuilders are pushing ahead with plans for a merger even as trade tensions with Japan raise concerns that politics could throw a wrench in the 1.8 trillion won ($1.5 billion) deal.

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