Hyundai units merge to target US shipbuilding
- Move is part of its response to the Make American Shipbuilding Great Again initiative
- Merged corporation has set an annual sales target of $7.1bn in the defence sector by 2035
- Some of HD Hyundai Mipo’s four dry docks will be dedicated to special and naval ships
HD KSOE and the integrated HD HHI and will establish a Singapore-based investment unit to regain the share of commercial ship orders lost to Chinese shipyards
