“Time for us to take our hands off HMM,” says KDB chairman

Korea Development Bank (KDB) chairman, Lee Dong-gull said on 1 December that the time has come for the South Korean state-backed policy lender to liberate flagship carrier HMM, as the liner industry heads towards another year of record profits.

In an online press conference, Lee said, “It’s time to take our hands off HMM as the company has improved considerably in recent years, but this is to be discussed with the Ministry of Oceans and Fisheries and Korea Ocean Business Corporation (KOBC).”

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