EU expects to make decision on merger of South Korean yards by Jan. 20

Hyundai Heavy Industries' plans to acquire Daewoo Shipbuilding & Marine Engineering and form the world's largest shipyard is awaiting a green light from the EU, which now has until Jan. 20 to make a decision on the merger.
Photo: Kim Dong-Min/AP/Ritzau Scanpix
Photo: Kim Dong-Min/AP/Ritzau Scanpix

The European Commission expects to make a decision by Jan. 20 at the latest in the case surrounding Hyundai Heavy Industries' (HHI) acquisition of Daewoo Shipbuilding & Marine Engineering (DSME).

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