[3] In January 2019, the company filed for the largest bankruptcy in Philippine history with unpaid loan obligations amounting to US$412 million.

[4] As part of its overseas expansion process in 2004, Hanjin Heavy Industries and Construction started building a shipyard on the Redondo peninsula, southwest of Subic, Zambales.

"[5] Huntington Ingalls said in a news release that the companies "will work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the Western Pacific region.

[citation needed] The shipyard is located on the eastern side of Redondo peninsula, in Agusuhin sitio, in Zambales province on Luzon.

[7] A large number of Koreans and Romanians who form the upper management of the shipyard live on site in barracks (colloquially called chicken coops).

[citation needed] Additionally, two smaller company-owned fast ferries transport a small number of the owners' representatives from Hanjin jetty near All Hands Beach, Subic Bay Freeport Zone to the shipyard.

[8] However, with 20 vessels in different stages of construction at the time, the company found it difficult to service its high debts or to get further extensions from its lenders.

[10][needs update] Australian shipbuilder Austal and US-based private equity firm Cerberus Capital Management considered launching a joint bid to take over the Subic shipyard.

After the Congressional inquiry, legislators required the company to build a medical center and comply with industrial safety laws within six months.

Workers have since continued to express complaints of abuse by management; one such incident was caught on camera and distributed to the Filipino news station ABS-CBN.

According to organizers, who have started a blog to document abuses, 60 employees have been terminated for union-related activity, and over 30 have been killed in workplace accidents since the shipyard opened in 2006.

[23] HHIC Phil General Manager Pyeong Jong Yu has expressed commitment to preventing future incidents.