# Hanwha Ocean

**Source:** https://www.startuphub.ai/startups/hanwha-ocean
**Profile type:** Startup

> Hanwha Ocean Co., Ltd., formerly known as Daewoo Shipbuilding & Marine Engineering, is one of the "Big Three" shipbuilders of South Korea, along with Hyunda

## About

Hanwha Ocean Co., Ltd., formerly Daewoo Shipbuilding & Marine Engineering (DSME), is a major South Korean shipbuilder. It constructs a wide range of vessels including LNG carriers, container ships, submarines, and destroyers, as well as offshore plants and facilities. The company is known for its advanced technology and has a significant global presence in shipbuilding and maritime engineering.

## Key facts

- **Slug:** hanwha-ocean
- **Website:** http://www.dsme.co.kr/
- **Location:** Geoje-si, South Korea
- **Founded:** 1973-10-01
- **Operating status:** Active
- **Total funding:** $1.5B
- **Sectors / tags:** Shipbuilding, Maritime Engineering, LNG Carriers, Container Ships, Submarines, Destroyers, Offshore Plants, Naval Vessels, Defense Industry, Energy Infrastructure, Renewable Energy Vessels

## Frequently asked

### What does Hanwha Ocean do?

Hanwha Ocean Co., Ltd., formerly Daewoo Shipbuilding & Marine Engineering (DSME), is a major South Korean shipbuilder. It constructs a wide range of vessels including LNG carriers, container ships, submarines, and destroyers, as well as offshore plants and facilities. The company is known for its advanced technology and has a significant global presence in shipbuilding and maritime engineering.

### What is Hanwha Ocean's valuation?

StartupHub estimates Hanwha Ocean's effective valuation at $6.3B (range $3.8B to $9.0B, 10% confidence), based on comparable companies in the sector.

### How much funding has Hanwha Ocean raised?

Hanwha Ocean has raised a total of $1.5B in funding. The most recent round on record is Acquisition.

### Where is Hanwha Ocean headquartered?

Hanwha Ocean is headquartered in Geoje-si, South Korea.

### When was Hanwha Ocean founded?

Hanwha Ocean was founded in 1973.

### What industry does Hanwha Ocean operate in?

Hanwha Ocean operates in Shipbuilding, Maritime Engineering, LNG Carriers, Container Ships, Submarines, Destroyers.

## JSON-LD

Structured data aligned with this page's `<script type="application/ld+json">` (included when the profile is server-rendered).

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://www.startuphub.ai"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Startups",
          "item": "https://www.startuphub.ai/startups"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Hanwha Ocean",
          "item": "https://www.startuphub.ai/startups/hanwha-ocean"
        }
      ]
    },
    {
      "@type": "ProfilePage",
      "@id": "https://www.startuphub.ai/startups/hanwha-ocean#webpage",
      "url": "https://www.startuphub.ai/startups/hanwha-ocean",
      "name": "Hanwha Ocean - AI Startup Profile | StartupHub.ai",
      "description": "This is the official profile of Hanwha Ocean. Hanwha Ocean is a startup founded in 1973, operating in Shipbuilding and Maritime Engineering. Hanwha Ocean Co., Ltd., formerly known as Daewoo Shipbuilding &amp; Marine Engineering, is one of the \"Big Three\" shipbuilders of South Korea, along with Hyunda. Headquartered in Geoje-si, South Korea.",
      "dateModified": "2026-05-01T10:39:55.16296+00:00",
      "mainEntity": {
        "@id": "https://www.startuphub.ai/startups/hanwha-ocean#organization"
      }
    },
    {
      "@type": "Organization",
      "@id": "https://www.startuphub.ai/startups/hanwha-ocean#organization",
      "name": "Hanwha Ocean",
      "url": "http://www.dsme.co.kr/",
      "description": "This is the official profile of Hanwha Ocean. Hanwha Ocean is a startup founded in 1973, operating in Shipbuilding and Maritime Engineering. Hanwha Ocean Co., Ltd., formerly known as Daewoo Shipbuilding &amp; Marine Engineering, is one of the \"Big Three\" shipbuilders of South Korea, along with Hyunda. Headquartered in Geoje-si, South Korea.",
      "sameAs": [
        "https://www.startuphub.ai/startups/hanwha-ocean"
      ],
      "foundingDate": "1973-10-01",
      "address": {
        "@type": "PostalAddress",
        "addressLocality": "Geoje-si",
        "addressCountry": "South Korea"
      },
      "knowsAbout": [
        "Shipbuilding",
        "Maritime Engineering",
        "LNG Carriers",
        "Container Ships",
        "Submarines",
        "Destroyers",
        "Offshore Plants",
        "Naval Vessels",
        "Defense Industry",
        "Energy Infrastructure",
        "Renewable Energy Vessels"
      ]
    },
    {
      "@type": "Product",
      "@id": "https://www.startuphub.ai/startups/hanwha-ocean#profile-assessment",
      "name": "Hanwha Ocean - StartupHub.ai Profile Assessment",
      "url": "https://www.startuphub.ai/startups/hanwha-ocean",
      "category": "Shipbuilding",
      "description": "This is the official profile of Hanwha Ocean. Hanwha Ocean is a startup founded in 1973, operating in Shipbuilding and Maritime Engineering. Hanwha Ocean Co., Ltd., formerly known as Daewoo Shipbuilding &amp; Marine Engineering, is one of the \"Big Three\" shipbuilders of South Korea, along with Hyunda. Headquartered in Geoje-si, South Korea. Agent Readiness score: 22/100. Full audit: https://www.startuphub.ai/startups/hanwha-ocean/agent-readiness",
      "brand": {
        "@type": "Brand",
        "name": "Hanwha Ocean"
      },
      "review": {
        "@type": "Review",
        "author": {
          "@type": "Organization",
          "name": "StartupHub.ai"
        },
        "datePublished": "2026-05-01",
        "name": "Hanwha Ocean - Profile Score 70/100",
        "reviewBody": "This is the official profile of Hanwha Ocean. Hanwha Ocean is a startup founded in 1973, operating in Shipbuilding and Maritime Engineering. Hanwha Ocean Co., Ltd., formerly known as Daewoo Shipbuilding &amp; Marine Engineering, is one of the \"Big Three\" shipbuilders of South Korea, along with Hyunda. Headquartered in Geoje-si, South Korea. Agent Readiness score: 22/100. Full audit: https://www.startuphub.ai/startups/hanwha-ocean/agent-readiness",
        "reviewRating": {
          "@type": "Rating",
          "ratingValue": 70,
          "bestRating": 100,
          "worstRating": 0
        }
      }
    }
  ]
}
```