Hyundai Merchant Marine may be 30 days or less away from buying a cruise ship, according to a report in the Korea JoongAng Daily.
The article states that Hyundai is looking to sail a second-hand ship from China to South Korea and other destinations, partnering with other companies on the investment and operations.
The vessel’s price is listed at approximately $166 million, leading to speculation that this ship may be mid-sized and relatively new, compared to what else may be available.
Hyundai last sailed pilgrimage-style voyages from South Korea to North Korea over a decade ago.
Prior to that, the company signed an agreement with Carnival Corporation to collaborate on Carnival Asia in 1996, but the agreement was terminated a year later due to differing views on market entry and business models.