Hyundai Samho Heavy Industries — one of the three shipyards under Korea Shipbuilding & Offshore Engineering (KSOE) — is set to go public later this year.
The initial public offering (IPO) plan was a condition put forward by IMM Private Equity five years ago when it injected KRW 400bn ($334m) into the Mokpo-based shipyard.
KSOE vice chairman and chief executive Ka Sam-Hyun said his company is fulfilling the promise it made to IMM Private Equity for the financial assistance it rendered during the shipbuilding slump, according to local media.
