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HD Korea Shipbuilding Subsidiary Reports Fatal Accident at Yeongam Pier; Shares Decline 5%

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A worker at HD Korea Shipbuilding & Offshore Engineering (KRX:009540) subsidiary HD Hyundai Samho died on Monday after being struck by a mooring rope during vessel berthing operations at Dolphin Pier 1 in Yeongam.

The Ministry of Employment and Labor is investigating the matter, according to a Tuesday filing with the Korea Exchange.

The shipbuilder issued a safety alert and implemented special occupational health and safety training.

Shares of HD Korea Shipbuilding & Offshore Engineering fell nearly 5% in recent trade.

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