Hyundai Ahoy

[sandy]

I was reading a story in today's Wall St. Journal about a S. Korean ship builder getting an order from a US company for a $1.1 billion luxury cruise ship. It said the builder, Samsung, is the world's second largest ship builder....after (drumroll) Hyundai Heavy Industries. As Johnny Carson used to say, I did not know that.

 

[Mark_888]

I was reading a story in today's Wall St. Journal about a S. Korean ship builder getting an order from a US company for a $1.1 billion luxury cruise ship. It said the builder, Samsung, is the world's second largest ship builder....after (drumroll) Hyundai Heavy Industries. As Johnny Carson used to say, I did not know that.

Hyundai Group underwent a massive restructuring following the 1997 East Asian financial crisis and the founder's death in 2001, and Hyundai Kia Automotive Group is no longer legally affiliated with Hyundai Heavy Industries, although many of their stockholders have interests in both companies because of their prior connection.

 

[ASHDUMP]

If you read the book "Fleeced" by Dick Morris you might not have bought a Hyundai.

...or maybe you would have... I did.

 

[Galbi]

Hyundai Heavy Industries owns the worlds largest shipyard (Guiness).
Hyundai Motor Company (HMC) owns the largest automobile manufacturing complex (Guiness)

Both companies were sister companies, once, before it was disbanded into separate autonomous companies.