The South Korean government is discussing the offloading of the state’s shares in HMM with the Financial Supervisory Service, Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC).
The government’s stake in HMM is represented by KDB and KOBC, which have a total holding of over 40%. KDB chairman Lee Dong-gull had said in September that the bank will eventually divest its stake in HMM.
A plan for the disposal of the state’s interest is expected to be produced by the end of Q1...