[Concall] Korea Shipbuilding & Offshore Engineering Plans Hyundai Heavy Industries IPO by End of September

[Asia Economy Reporter Hwang Yoon-joo] Korea Shipbuilding & Offshore Engineering announced on the 21st during the Q2 2021 earnings conference call that "the securities registration statement related to the listing of Hyundai Heavy Industries will be submitted in mid-August." They added, "The plan is to list by the end of September according to the schedule, but nothing has been finalized yet."

If Hyundai Heavy Industries goes public, the industry expects that Korea Shipbuilding & Offshore Engineering, the intermediate holding company for shipbuilding, will oversee the shipbuilding business, while Hyundai Heavy Industries Holdings will focus on non-shipbuilding and growth sectors.