Harim Group

HMM must not be slanted towards containers, says KOBC boss

The new president of Korea Ocean Business Corporation (KOBC), HMM’s second-largest shareholder, said that South Korea’s flagship container line should diversify further beyond its main business.

Ahn Byung-gil was discussing HMM’s plan to acquire SK Shipping’s tanker and dry bulk operations.

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https://container-news.com/hmm-must-not-be-slanted-towards-containers-says-kobc-boss/

Harim Group chairman doesn’t back down from HMM acquisition plans

Harim Group chairman Kim Hong-kuk said at a press event on 16 October that his company would consider bidding for HMM again if another attempt is made to sell the South Korean flagship carrier.

The poultry processing group, which had acquired South Korea’s largest dry bulk shipping business Pan Ocean in 2015, was named the preferred bidder for HMM at an initial sales attempt last December.

However, Harim, which had teamed with private equity firm JKL Partners, ultimately could not reach an...

https://container-news.com/harim-group-chairman-doesnt-back-down-from-hmm-acquisition-plans/

Delay in negotiations cast doubt on HMM sale

Aspersions have been cast on the sale of HMM to the Harim Group-JKL Partners consortium after negotiations with the South Korean flagship carrier’s state-controlled shareholders stalled.

Container News understands that agreement on the sale terms was supposed to have been reached on 23 January, but this has been postponed to 6 February. On 18 December 2023, Harim-JKL was chosen as the preferred bidder for HMM, which came under the control of Korea Development Bank and Korea Ocean Business...

https://container-news.com/delay-in-negotiations-cast-doubt-on-hmm-sale/

HMM sale will be cautiously proceeded in view of taxpayers

South Korea’s Minister of Oceans and Fisheries Kang Do-hyung told journalists at a New Year briefing that he does not believe there will be a “winner’s curse” in selecting the Harim Group-JKL Partners consortium as the preferred bidder for the country’s flagship carrier HMM.

HMM’s largest shareholders, the state-controlled Korea Development Bank and Korea Ocean Business Corporation, chose the Harim-JKL consortium over Dongwon LOEX as the preferred bidder on 18 December 2023.

The company came...

https://container-news.com/hmm-sale-will-be-cautiously-proceeded-in-view-of-taxpayers/

HMM likely to be sold to Harim-JKL in US$4.9 billion deal

South Korean poultry processor and Pan Ocean owner Harim Group and its consortium member, private equity firm JKL Partners, were chosen as the preferred bidder to acquire the country’s flagship carrier HMM on 18 December.

HMM’s main shareholders, state-controlled institutions Korea Development Bank and Korea Ocean Business Corporation, announced their choice after nearly a month of assessment, after Harim-JKL and Dongwon LOEX, the logistics unit of fishing chaebol Dongwon group, made their bids...

https://container-news.com/hmm-likely-to-be-sold-to-harim-jkl-in-us4-9-billion-deal/

HMM bid now down to two South Korean groups

South Korea’s Dongwon Group and Harim Group will be vying to take control of the country’s flagship box line HMM.

Dongwon, South Korea’s largest fishing group, and Harim, parent of the country’s largest dry bulk shipping business Pan Ocean, submitted their entries when the one-day tender closed at 5pm local time on 23 November.

South Korean trading and logistics group LX International, which with Dongwon and Harim, had been shortlisted in a preliminary round, decided not to go ahead.

Explaining...

https://container-news.com/hmm-bid-now-down-to-two-south-korean-groups/