Hyundai Heavy says trying to allay Singapore concerns over Daewoo shipyard merger

Hyundai Heavy Industries Holdings Co Ltd (267250.KS) said on Wednesday it is working with Singaporean regulators to alleviate concerns of its $2 billion merger with rival shipbuilder Daewoo crimping competition in the Southeast Asian maritime hub.

Plans to combine the world’s two biggest shipbuilders announced in January require regulatory approval in South Korea, Singapore…