K Shipbuilding

(Redirected from STX Shipbuilding)

K Shipbuilding Co., Ltd. (Korean주식회사 케이조선), formerly STX Offshore & Shipbuilding, is a South Korean shipbuilding company. K Shipbuilding was once the world's fourth-largest shipbuilder but entered a creditor-led workout program in 2013. It was delisted in 2014 and went into court receivership in 2016 and 2017.

K Shipbuilding Co., Ltd.
Native name
주식회사 케이조선
FormerlySTX Offshore & Shipbuilding
Company typePublic
IndustryShipbuilding
FoundedApril 1967; 57 years ago (1967-04)
Headquarters,
South Korea
ProductsLNG/LPG, Container, Tanker, FPSO/FSU, Drill-ship, Fixed Platform & Naval Ships
Websitewww.kshipbuilding.com

In 2021, a consortium led by United Asset Management Company (UAMCO) and KH Investment (KHI), purchased STX Offshoring & Shipbuilding for KRW 250 billion (US$ 220 million) from the creditor, including Korea Development Bank.[1] STX O&S was rebranded as K Shipbuilding after the ownership change.[2]

See also

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References

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  1. ^ Jin, Min-ji (July 28, 2021). "STX Offshore & Shipbuilding to now be known as K Shipbuilding". Korea Joongang Daily.
  2. ^ "STX Offshore rebranded as K Shipbuilding under new private ownership". Maeil Business Newspaper. July 27, 2021.
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