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  Korea Report - December 2019
  Author : Hwang & Co     Date : 20-01-06 16:18     Hit : 3289    
   Korea Report - December 2019 [secured].pdf (505.0K), Down : 13, 2020-01-06 16:18:22


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European Commission announced on 17th that it will carry out in-depth investigation into HHI Group's proposed acquisition of DSME. Margrethe Vestager, the EU's competition chief said, "Cargo shipbuilding is an important industry for the EU. Maritime transport represents substantial portion of EU's freight trade, with European shipping companies regularly purchasing vessels from DSME and HHI. This is why we will carefully assess whether proposed transaction would negatively affect competition in the construction of cargo ships, to detriment of European consumers."
Competition and Consumer Commission of Singapore recently announced that it completed Phase 1 review of proposed acquisition by Korea Shipbuilding & Offshore Engineering and DSME. CCCS has raised competition concerns with KSOE on Proposed Transaction, based on information furnished by KSOE and feedback from third parties. Third party feedback suggests that the Parties are currently two of the largest suppliers for global supply of LNG carriers, and possibly large containerships and large oil tankers.


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SKorea and the US on 3rd began their fourth round of SMA negotiations [p.3]
National Assembly passed next year’s budget bill