K Shipbuilding
South Korea
K Shipbuilding Co., Ltd. (Korean: ), formerly STX Offshore & Shipbuilding, is a South Korean shipbuilding company. The company was named Daedong Shipbuilding before being acquired by STX. 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. 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. STX O&S was rebranded as K Shipbuilding after the ownership change.
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