NK, a Korean maritime tech firm best known for ballast water management systems, is looking to branch out into the shipyard business.
The Busan firm has convened a shareholders meeting for March 24 to change its articles of incorporation to include “construction, conversion and repair of vessels”.
With a number of Korean yards going bust there is a chance to snap out facilities on the cheap this year.
Founded in 1980, the Korean firm changed name to NK in 1998, listing in Seoul 10 years later.