It turns out that 67% of HMM’s surplus US$4 billion funds have been deposited in low-interest funds managed by its largest shareholder Korea Development Bank (KDB).
This was revealed during a National Assembly session on 15 October by South Korean lawmaker, Kang Min-guk, who accused the state-backed policy lender of diverting HMM’s surplus funds to financial products to boost the bank’s income.
Kang, who is from the main opposition People Power Party, said he had studied HMM’s financial...
https://container-news.com/kdb-holding-on-to-more-than-half-of-hmms-reserves/