S Korea's Hyundai Global Service seeks to raise $1b in 2024 IPO

S Korea's Hyundai Global Service seeks to raise $1b in 2024 IPO

A ship sits under construction in a dry dock at the Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on Sunday, April 23, 2017. Photographer: SeongJoon Cho/Bloomberg

South Korea’s Hyundai Global Service, backed by private equity giant KKR, aims to raise up to $1 billion in a Seoul initial public offering (IPO) in the first half of 2024, said two people with direct knowledge of the matter.