South Korea’s Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon.
Kang was speaking at a government forum on 7 March, when he was asked about the recent failure to sell the country’s flagship carrier to the Harim Group-JKL Partners consortium.
HMM’s 2023 net profit had plunged 90% year-on-year, to US$750 million, as the Covid-19-fuelled boom ended. Given the economic uncertainties and the Red Sea crisis,...
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