HJ Shipbuilding & Construction Company, Ltd. (

Korean Korean may refer to: People and culture * Koreans, ethnic group originating in the Korean Peninsula * Korean cuisine * Korean culture * Korean language **Korean alphabet, known as Hangul or Chosŏn'gŭl **Korean dialects and the Jeju language ** ...

: 주식회사 HJ중공업,

Hanja Hanja (Hangul: ; Hanja: , ), alternatively known as Hancha, are Chinese characters () used in the writing of Korean. Hanja was used as early as the Gojoseon period, the first ever Korean kingdom. (, ) refers to Sino-Korean vocabulary, wh ...

: 株式會社HJ重工業), formerly Korea Shipbuilding & Engineering Corporation (

: 대한조선공사,

: 大韓造船公社) and Hanjin Heavy Industries & Construction Co. Ltd.) (

: 주식회사 한진중공업,

: 株式會社韓進重工業), is a South Korean-based multinational

shipbuilding company A shipyard, also called a dockyard or boatyard, is a place where ships are built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance a ...

, founded in 1937 as Chosun Heavy Industries Co., Ltd. (

: 조선중공업 주식회사,

: 朝鮮重工業株式會社).

Scandals

7 July, Thousands of protesters clashed with the police in a demonstration against layoffs in Yeong-do,

Busan Busan (), officially known as is South Korea's most populous city after Seoul, with a population of over 3.4 million inhabitants. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, w ...

, and Police fired water cannons with diluted tear-water solution on the crowds after warning the crowds to disperse on the streets. In late September, 2020, the

Korea Development Bank Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedit ...

(KDB), the main creditor and largest shareholder, announced it would sell all or part of its stake in HHIC. KDB owns 83.45 percent of shares in HHIC. On December 14, 2020, KDB announced that Dongbu Construction, Keithton Partners, and SM Merchant Marine are bidding to acquire HHIC. In July 2021, the company announced that it had completed the second ship of the

Dokdo-class amphibious assault ship The ''Dokdo''-class amphibious assault ship (, ) is a class of landing platform helicopter (LPH) amphibious assault ships operated by the Republic of Korea Navy (ROKN). Designed and built by Hanjin Heavy Industries (HHIC), the amphibious landin ...

for the

Republic of Korea Navy The Republic of Korea Navy (ROKN; ko, 대한민국 해군), also known as the ROK Navy or South Korean Navy, is the naval warfare service branch of the South Korean armed forces, responsible for naval and amphibious operations. The ROK Navy i ...

, named the ROKS Marado.

References

;Sources
Hanjin Heavy IndustriesHanjin Subic Shipyard
{{Authority control Shipbuilding companies of South Korea Vehicle manufacturing companies established in 1937 Manufacturing companies based in Busan 1937 establishments in Korea South Korean brands Companies that have filed for bankruptcy in South Korea

Scandals

See also

References