US EditionSouth Korea Extends Antitrust Restrictions on Hanwha From DSME Acquisition
5 Articles
5 Articles
The Fair Trade Commission announced on the 28th that it is extending the implementation period for corrective measures imposed on the merger of Hanwha and Daewoo Shipbuilding & Marine Engineering (DSME) – Hanwha Ocean – by an additional three years, citing that concerns regarding restrictions on market competition have not been resolved.
[Digital Daily Reporter Kim Yoo-jin] The Fair Trade Commission (FTC) has decided to extend the implementation period for corrective measures imposed in connection with Hanwha Group's acquisition of the former Daewoo Shipbuilding & Marine Engineering (DSME) by three years, until May 2, 2029. This marks the first time the implementation period for corrective measures imposed during a corporate merger review has been extended. The FTC announced on…
FTC Extends Hanwha Merger Remedies for Three Years
A view of Hanwha Ocean’s Geoje Shipyard [Photo=Hanwha Ocean] The Fair Trade Commission (FTC) has decided to extend the implementation period of the corrective measures, which were imposed during Hanwha Group’s acquisition of Daewoo Shipbuilding & Marine Engineering (now Hanwha Ocean), by another three years. The reason is that Hanwha Ocean is the No. 1 player in both the surface combatant and submarine markets, and Hanwha Aerospace and Hanwha Sy…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
