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South Korean authorities deny major yard merger

South Korean authorities have now set out to squash rumors that a large-scale merger is underway between the country's three big shipbuilders, including scandal-ridden DSME, writes Maritime Executive.

Photo: Lee Jin-man/AP/POLFOTO/arkiv

A merger is not on the way between South Korea's three major yards: Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Marine and Shipbuilding Engineering.

While rumours flourished about a potential merger, South Korean authorities have now put these speculations to rest.

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