South Korean yard merger could be met with resistance abroad
South Korea's Fair Trade Commission says that foreign regulators will likely keep a close eye on the merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. The new company's market share could weaken competition, notes the commission.
The merger between two of South Korea's shipbuilders will be scrutinized by regulators abroad, as they might have concerns about the new company's market share, the country's own regulator, Fair Trade Commission, tells Korea Times.
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