EU sets new deadline for merger of South Korean yard majors

The EU Commission expects to finish its review of the merger between two of South Korea's biggest shipbuilders in September. The previous deadline was in June, but it was exceeded due to the coronavirus.

Photo: Pool/Reuters/Ritzau Scanpix

The European Commission has set a new deadline for its decision on the merger between two of South Korea's biggest shipbuilders.

The Commission has since December 2019 been reviewing the merger of shipyards Hyundai Heavy Industries, HHI, and Daewoo Shipbuilding & Marine Engineering, DSME.

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