The government is reportedly pushing for a merger between Hyundai Merchant Marine, the top in the shipping industry, and SM Line, the second. The government, which expected SM Line to face a managerial crisis due to the worsening shipping industry, seems to have decided that the integration would be a solution.
However, not only SM Line and Hyundai Merchant Marine but also KDB Bank, Hyundai Merchant Marine’s major shareholder, showed negative opinions. As a result, the integration process is now...