HD Korea Shipbuilding & Offshore Engineering is merging with HD Hyundai Heavy Industries and HD Hyundai Mipo, and on the 28th, their stock prices are showing mixed results.
According to the Korea Exchange, as of 9:19 a.m. that day, HD Korea Shipbuilding & Offshore Engineering is trading at 392,000 won, up 22,500 won (6.09%) from the previous trading day.
In contrast, HD Hyundai Heavy Industries is trading at 25,000 won, down 25,000 won (4.80%) from the previous trading day, while HD Hyundai Mipo is trading at 198,600 won, down 17,400 won (8.06%).
The day before, HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries, and HD Hyundai Mipo each held board meetings and passed resolutions regarding the merger between HD Hyundai Heavy Industries and HD Hyundai Mipo. The plan is to launch the integrated HD Hyundai Heavy Industries in December of this year.
Major competitor countries, China and Japan, have recently completed mergers between their top two large shipbuilders. The merger of HD Hyundai Heavy Industries and HD Hyundai Mipo is also considered an opportunity for capacity expansion, as mergers among medium and large shipbuilders are occurring.
Securing business competitiveness in the maritime defense sector is a key goal. It aims to capture the growing demand for maritime defense through initiatives like the MASGA (Make American Shipbuilding Great Again) project, alongside the U.S.-Korea summit. Through this, the integrated HD Hyundai Heavy Industries has set a goal to achieve annual sales of 10 trillion won by 2035 in the defense sector.