Korea, Inc is rallying to ensure it ensure it has global shipbuilding champions for further generations. Korea Investment Corp (KIC), South Korea’s sovereign wealth fund, has signed a deal with Hyundai Heavy Industries (HHI), the country’s top shipbuilding group, to jointly invest KRW1trn ($900m) in mergers and acquisitions of global companies in areas including artificial intelligence, autonomous ships and hydrogen fuel cells.
HHI is closing in on completing a merger with Daewoo Shipbuilding & Marine Engineering (DSME) and is leading research and development into many of the next generation of ships. It faces stiff competition from China, where Beijing has merged its two state-run shipbuilding groups to create a behemoth with a similar scale to HHI.
Dear Sam Chambers,
I am about to complete my Masters in AI. My capstone project is developing models to project price of ship-plate-steel. I’ve been focused on areas you discussed in your articles!! Do you have 15 mins next week to talk ? I’d love your career advice. Thank you so much ! Karen fireman karen.fireman@gmail.com ksfire@tamu.edu