Korea Development Bank Plans to Offload Stake in Hanwha Ocean in Major Defense Sector Shakeup

South Koreas Korea Development Bank (KDB) plans to sell its 19.5% stake in Hanwha Ocean as the shipbuilders stock surges amid U.S. partnerships and a sector resurgence. The phased exit begins with a block sale starting Monday, capitalizing on Hanwha Oceans strong market performance.

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