Hanjin Heavy Industries

Hanjin Heavy Industry Co. Ltd. (Korean: 한진중공업, Hanja: 韓進重工業) is a South Korean shipbuilding company, founded in 1937. It is a multinational company.

Hanjin Heavy Industries
TypePublic
IndustryShipbuilding
Defense
Founded1937 (1937)
Korea
Headquarters Busan, South Korea
ProductsLNG/LPG, Cable-laying, Container ship, icebreaker, Hovercraft, Marine police & Naval Ships
Revenue US$ 2.44 billion (2013)[1]
US$ (97)  million (2013) [1]
US$ (182)  million (2013) [1]
Total assets US$ 6.45 billion (2013) [1]
Total equity US$ 1.58 billion (2013) [1]
Number of employees
2,569 (March 31, 2014)
ParentHanjin
Websitewww.hanjinsc.com
Container ship Ital Lunare was built by Hanjin Heavy Industries in 2007

Situation
Main article: 2010-11 Hanjin Heavy Industries strike

7 July, Thousands of protesters clashed with the police in a demonstration against layoffs in Yeong-do, Busan, and Police fired water cannons with diluted tear-water solution on the crowds after warning the crowds to disperse on the streets.[2][3]

In late September, 2020, the Korea Development Bank (KDB), the main creditor and largest shareholder, announced it would sell all or part of its stake in HHIC. KDB owns 83.45 percent of shares in HHIC.[4] On December 14, 2020, KDB announced that Dongbu Construction, Keithton Partners, and SM Merchant Marine are bidding to acquire HHIC.[5]

In July 2021, the company announced that it had completed the second ship of the Dokdo-class amphibious assault ship for the Republic of Korea Navy, named the ROKS Marado.[6]

See also

References
  1. "Hanjin Heavy Indus & Const (097230:Korea SE)". businessweek.com. Retrieved September 10, 2014.
  2. Jiyeon Lee (July 11, 2011). "Protesters, police clash in South Korea". CNN. Retrieved July 15, 2011.
  3. "최루액보다는 불법개입 '폭력버스'가 더 문제". 프런티어타임즈. July 13, 2011. Retrieved July 15, 2011.
  4. Grevatt, Jon (30 September 2020). "South Korea's Hanjin up for sale". Janes. Retrieved 19 March 2021.{{cite news}}: CS1 maint: url-status (link)
  5. Grevatt, Jon (15 December 2020). "Korean investors line up bids for shipbuilder Hanjin". Janes. Retrieved 19 March 2021.{{cite news}}: CS1 maint: url-status (link)
  6. Lee Jun-sung (7 July 2021). "Hanjin Heavy Industries & Construction builds ROKS Dokdo and Marado". Korea IT Times. Retrieved 2 Aug 2021.{{cite news}}: CS1 maint: url-status (link)
Sources
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