Korean private equity invests in Hyundai Samho

Korean private equity invests in Hyundai Samho

Korean yard Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries, has attracted a KRW400bn ($355.4m) pre-initial public offering investment from a local private equity firm, IMM Private Equity.

IMM has a number of local maritime investments already including Hanjin Newport, PSA Hyundai Pusan Newport Terminal, and Hyundai LNG Shipping.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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