HANWHA NAMES NEW PRESIDENT OF US SHIPYARD IN PHILADELPHIA AMID EXPANSION

What happened: Hanwha Group named Kim Hyuk president of Hanwha Philly Shipyard, effective Monday, succeeding David Kim, as the conglomerate expands its US naval shipbuilding operations. Key numbers: Kim has more than 25 years of shipbuilding experience. Hanwha Ocean's flagship yard delivers 35 to 45 commercial and naval vessels a year. Why it matters: Hanwha Defense USA is taking majority ownership of the yard to make it a dual-use facility for commercial and military vessels. Kim will report to Tom Anderson, who cited Kim's experience building ships at scale. Coverage: 3 outlets in 24h

Hanwha Group named Kim Hyuk president of Hanwha Philly Shipyard, effective Monday, succeeding David Kim, as the conglomerate expands its US naval shipbuilding operations.

Hanwha Defense USA is taking majority ownership of the yard to make it a dual-use facility for commercial and military vessels. Kim will report to Tom Anderson, who cited Kim's experience building ships at scale.