DSME has disposed of its catering subsidiary, a deal that the restructuring shipbuilder had been trying to finalise for months.
The company has offloaded all of its 1.2m shares in Welliv for KRW 65bn ($58.21m) as part of its efforts to liquidate non-core assets.
Previous reports suggested that the sale of Welliv could fetch as much as KRW 80bn.
Other DSME assets lined up for sale are DSME Shandong, a producer of ship parts and industrial plants and ship architecture specialist DSEC.
