K Shipbuilding

K Shipbuilding is a South Korean shipbuilding company based at a shipyard in Changwon, in South Gyeongsang Province. It was known as Daedong Shipbuilding before the STX group acquired it, and later traded as STX Offshore and Shipbuilding, the Korean parent that stood above the European group STX Europe in the years when that group was owned by STX. At its height in the early 2000s it ranked as the fourth largest shipbuilder in the world by orders and backlog. The financial crisis of 2008 and the long slump in shipbuilding that followed drove it into a creditor led workout programme in 2013, then delisting in 2014 and court receivership in 2016 and 2017. In 2021 a consortium led by United Asset Management Company and KH Investment bought the yard for 250 billion won, and the company was rebranded as K Shipbuilding. It builds mid sized commercial vessels.