Hanjin expanding in Philippines again

After building a $720 million shipyard in Subic, Korean industrial giant Hanjin Heavy Industries Co. is planning to expand its shipbuilding business in the Philippines with another large shipyard. Hanjin has already started building one of the biggest shipyards in the world at Subic Bay Freeport and the proposed second shipyard at Misamis Oriental, near Cagayan de Oro City in Mindanao, will be even bigger.