Shareholders of Hyundai Heavy Industries, the country's largest shipbuilder, have taken the first step toward realizing an agreed takeover with the No. 2 local shipbuilder. On Friday, they approved the company's split-up plan to pave the way for the acquisition. Yet Hyundai faces a strong backlash from its union, which has opposed the plan for fear of mass layoffs ...... Read more on The Korea Times
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