Korea Development Bank chairman, Lee Dong-gull has called on HMM to improve its salary system and disclosed that the state policy lender will inevitably dispose of its controlling stake in the South Korean flagship liner operator.
Speaking at a press conference on 14 September to mark his fourth anniversary at the bank’s helm, Lee alluded to the recent dispute between HMM’s management and labour unions. HMM’s seafaring and office staff threatened to strike after meagre increments were given...