The government is considering an injection of 800 billion won ($706 million) into Hyundai Merchant Marine Co., the nation’s leading oceangoing shipping company, within this year to help it tide over mounting losses, industry sources said Saturday (10/13/2018).
The company’s largest-shareholder Korea Development Bank and the state-run maritime business promotion agency Korea Ocean Business Corp. (KOBC) said they are reviewing a plan in which Hyundai Merchant issues bonds and the two purchase 400...