
The largest shareholder of HMM, Korea Development Bank (KDB) is planning to sell off HMM (formerly known as Hyundai Merchant Marine) to POSCO, to privatize HMM by handing over all of its shares to the steelmaker, says an article published in Business Korea.
KDB’s Report“KDB recently reported an HMM privatization plan to the Ministry of Strategy and Finance,” a high-ranking government official said on Jan 27. “The ministry will start a full-fledged review with other ministries and agencies.” KDB...
https://mfame.guru/kdb-planning-to-sell-hmm-to-posco/