A group of South Korean companies has signed an agreement to repurpose part of the Gunsan Shipyard into a manufacturing base for the offshore wind power industry, incorporating wind energy production alongside the site's shipbuilding operations. The consortium—HJ Shipbuilding & Construction, JE Ocean Heavy Industries, Myeongun Industrial Development, and turbine maker Unison—will use roughly 330,000 square meters of idle land at the west coast facility to build large-scale wind turbines, turbine towers, and offshore transformer stations. Under the arrangement, Unison will lease space to construct turbine production facilities, while HJ Shipbuilding & Construction applies its offshore engineering expertise to manufacture towers, substations, and structural components. JE Ocean Heavy Industries will supply shipyard infrastructure, and Myeongun Industrial Development will contribute offshore wind project development experience. The Gunsan Shipyard covers 1.8 million square meters and includes a 1-million-ton-class dry dock measuring 700 meters, a 1,650-ton gantry crane, and 1.4 kilometers of quay frontage, with capacity to build two VLCCs simultaneously. Once employing over 6,000 workers and producing about 20 vessels annually, it halted production in 2017 amid a shipbuilding downturn before resuming operations in October 2022. HD Hyundai Heavy Industries agreed in June 2026 to sell the yard to JE Ocean Heavy Industries for 780 billion KRW, with completion expected by 31 Dec 2026. The shipyard has already drawn interest for 10 tankers, including eight 114,000-dwt crude/product tankers and two 157,000-dwt crude oil tankers. Modernization is underway, with construction planned to begin in early 2027 and the first new vessel delivery set for 2028.