# Hanwha Group's $1.45 billion takeover of DSME cleared by South Korea

South Korea's Fair Trade Commission approved Hanwha Group's 2-trillion-won ($1.45 billion) acquisition of a 49.3% stake in Daewoo Shipbuilding & Marine Engineering (DSME), with conditions to resolve anti-competition concerns.

- Type: Acquisition
- Announced: 2023-04-27
- Where: South Korea
- Value: $1.45B
- Status: announced
- Products: naval ships, merchant vessels, warship components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daewoo Shipbuilding & Marine Engineering](https://endata.com/companies/339.md) (target)
- [Hanwha](https://endata.com/companies/8471.md) (acquirer)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/mergers-acquisitions/newsView/ked202304270012), 2023-04-27: "South Korea’s Fair Trade Commission (FTC) on Thursday gave its nod for Hanwha Group’s 2-trillion-won ($1.45 billion) takeover of Daewoo Shipbuilding & Marine Engineering Co. (DSME) on conditions of resolving anti-competition concerns."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.