Hyundai Heavy Industries (HHI) and Samsung Heavy Industries have reaffirmed plans to boost profitability with new orders and cost-cutting this year.
Park Dae-young, president of Samsung Heavy, told shareholders the yard will continue to improve management efficiency while implementing self-rescue measures on time.
"In order to survive, we will make efforts to secure competitiveness and boost profits," he added, according to the Yonhap news agency.
HHI
