Hanwha, Hyundai ink agreements in Athens as speed, tech transfers attract partners

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Hanwha Ocean has signed a deal with ONEX Shipyards & Technologies Group to expand shipbuilding capabilities at the Greek company’s shipyards in Elefsina, near Athens. © Reuters

HAMBURG, Germany — South Korean shipbuilders’ recent deals in Greece show they view the country as a beachhead into Europe for their businesses, moves that are expected to have far-reaching geostrategic and economic implications for the continent, analysts say.