Police on Thursday raided the Defense Acquisition Program Administration (DAPA), as part of their investigation into allegations of possible corruption in the process of selecting Hyundai Heavy Industries as the preferred bidder for an indigenous Aegis-equipped destroyer development project in 2020.
Korea s antitrust regulator said Tuesday the number of conglomerate-affiliated companies subject to tighter supervision increased by seven from the previous tally.
Korean shipbuilder Hanwha Ocean was selected Friday as the preferred bidder to build two next-generation frigates for the country s Navy, sources said.
Korea s antitrust regulator said Monday the number of conglomerates in the country fell to 81 following the takeover of Daewoo Shipbuilding Marine Engineering (DSME) by Hanwha Group.
Korean shipyard Daewoo Shipbuilding Marine Engineering (DSME) said Monday it will acquire an additional 4.7 percent stake in its ship parts subsidiary Samwoo Heavy Industry for 35 billion won ($26.5 million).