Hanjin Subic Shipyard chronicle

May 2005. Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) entered into a Memorandum of Understanding (MUO) with SBMA to invest in the Philippines.

February 2006. Established HHIC-Phil Inc. as the corporate vehicle for HHIC’s multi-billion dollar investment in the Subic Bay Freeport Zone.