Hyundai Mipo eyes block building site in Ulsan

Seoul: South Korea's Hyundai Mipo Dockyard Co Ltd said on Monday it is likely to invest 190 billion won ($181.1 million) in a new block assembly factory, where ships are part-assembled, south of Seoul to expand its capacity.
Hyundai Mipo said in a filing to the Korea Exchange that it had reached preliminary agreement with a local government authority to build the factory in Ulsan where the shipbuilder has a shipyard. [27/5/08]