The sale of South Korea's three mid-sized shipyards has entered its final phase despite concerns that it might be difficult to find investors in the wake of the coronavirus crisis and a decline in the shipbuilding industry, reports Yonhap News Agency.

The three shipyards, Hanjin Heavy Industries & Construction, STX Offshore & Shipbuilding and Daesun Shipbuilding Engineering, were put up for sale last year following financial woes.