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Hyundai Heavy's shareholders approve split

One of Korea's three huge shipyards, Hyundai Heavy Industries, has now received a go-ahead from its owners to be spun off from the group's other activities. The move is part of the efforts to improve the yard's finances.
Photo: Lee Jin-man/AP/POLFOTO/arkiv
Photo: Lee Jin-man/AP/POLFOTO/arkiv
by TOMAS KRISTIANSEN

While the massive South Korean shipbuilder Hyundai Heavy Industries (HHI) is hit by work stoppages, the shareholders have decided to approve a large-scale split of the group's activities, reports news agency Yonhap.

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