Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser
  2. 2

    S. Korea not to attend Sado mine memorial: foreign ministry

    S. Korea not to attend Sado mine memorial: foreign ministry
  3. 3

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
  4. 4

    Wealthy parents ditch Korean passports to get kids into international school

    Wealthy parents ditch Korean passports to get kids into international school
  5. 5

    [Weekender] Korea's traditional sauce culture gains global recognition

    [Weekender] Korea's traditional sauce culture gains global recognition
  1. 6

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
  2. 7

    First snow to fall in Seoul on Wednesday

    First snow to fall in Seoul on Wednesday
  3. 8

    Gyeongju blends old with new

    Gyeongju blends old with new
  4. 9

    Over 80,000 malicious calls made to Seoul call center since 2020

    Over 80,000 malicious calls made to Seoul call center since 2020
  5. 10

    Korea to hold own memorial for forced labor victims, boycotting Japan’s

    Korea to hold own memorial for forced labor victims, boycotting Japan’s
피터빈트

HHIH join forces with KIC to push for global M&A

By Yonhap

Published : March 24, 2021 - 11:51

    • Link copied

Officials from Hyundai Heavy Industries Holdings Co. (HHIH) and Korea Investment Corp. (KIC) holds an business agreement on Wednesday, in this photo provided by HHIH. (Heavy Industries Holdings Co.) Officials from Hyundai Heavy Industries Holdings Co. (HHIH) and Korea Investment Corp. (KIC) holds an business agreement on Wednesday, in this photo provided by HHIH. (Heavy Industries Holdings Co.)
Global shipbuilding giant Hyundai Heavy Industries Holdings Co. (HHIH) said Wednesday that it has signed an initial deal with Korea Investment Corp. (KIC), South Korea's sovereign wealth fund, toward merger and acquisitions with global companies as part of efforts to expand its presence in new businesses.

Under the deal, HHIH and KIC will jointly invest 1 trillion won ($900 million) to push for the mergers and acquisitions of global companies in the areas of AI, robots, remote autonomous ships and hydrogen fuel cells, the holding company said.

HHIH has been aggressively building up its business portfolio via mergers and business tieups to strengthen its competitiveness.

The company has been pushing ahead with the acquisition of leading shipbuilder Daewoo Shipbuilding & Marine Engineering Co. and local top construction equipment maker Doosan Infracore Co. (Yonhap)

More from Headlines