Creditors are reportedly ready to merge parts of Korean shipbuilder DSME with rival Samsung Heavy Industries.
Korea Economic Daily cited a creditor bank official as saying: "We have arrived at a conclusion that it is the best solution to transform the current big-three regime into a big-two structure in order to maintain the shipbuilding industry's competitiveness."
A report on yard restructuring in the downturn commissioned from McKinsey by Korea's Offshore & Shipbuilding Association is due in early August.
The
