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China's regulator approves South Korean yard merger

A merger of the two South Korean yards Hyundai Heavy Industries Holding and DSME has been cleared by the Chinese competition authority. The merger, announced in 2019, is still being reviewed by the EU.

Daewoo Shipbuilding and Marine Engineering Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap

China's competition authority has approved a large-scale merger of the two South Korean yards Hyundai Heavy Industries Holding, HHI, and Daewoo Shipbuilding & Marine Engineering, DSME.

The merger, which was announced in 2019, is still being reviewed by the EU, but China's State Administration for Market Regulation, SAMR, does not find that the merger will harm free competition, and it has thus unconditionally approved the merger.

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