Hyundai Heavy Industries

Founded in 1947, Hyundai was a South Korean conglomerate with activities spanning retailing, shipbuilding, car and truck making and property. It was broken up after the 1997 Asian financial crisis, and effectively reduced to container shipping services, elevator manufacture and tourism. And Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development are no longer connected to Hyundai Group.

Inside the Hyundai Heavy Industries shipyard. Photo: Bloomberg

Hyundai Heavy plans to raise prices

Hyundai Heavy Industries, the world's biggest shipbuilder, plans to raise prices as demand for fuel-efficient vessels helps it skirt the global supply glut hurting Chinese yards.