As Taeyoung Engineering & Construction (E&C) is going through a rough phase of debt restructuring negotiations, other construction companies are taking proactive moves to explain their liquidity situations, aiming to quell market anxieties over their financial soundness.
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IHG Hotels & Resorts, one of the world s leading hotel groups, has today announced the appointment of Danny Ha as Development Representative for Korea. In this role, Danny will be supporting the strategic growth of IHG brands in Korea, and as an in-market IHG ambassador, focus on building long and trusted relationships with owners.
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KDB agrees sale of Hanjin Heavy Industries
by Jon Grevatt
The Korea Development Bank (KDB) has reached a deal to sell off its controlling stake in Hanjin Heavy Industries and Construction (HHIC), one of the country’s most prominent naval shipbuilders.
KDB said on 15 April that it will sell its 66.85% shareholding in HHIC to a consortium led by the Dongbu Corporation, a civil engineering and construction group. It did not reveal the value of the transaction.
South Korea’s Dongbu Corporation, a civil engineering and construction group, has agreed to acquire naval shipbuilder Hanjin Heavy Industries and Construction, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)