Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes over the sale's conditions, according to people with knowledge of the situation on Monday, stoking fears of a collapse in the 6.4 trillion won ($5
On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development Bank (KDB) and Korea Ocean Business Corp. -- converted 1 trillion won worth of their perpetual bonds into HMM equities.The new shares raised the t
Airplanes at Incheon International Airport The state-run Korea Development Bank (KDB) is looking for alternative options to sell Asiana Airlines Inc. to prepare against a possible collapse of Korean Air Lines Co.'s 1.8-trillion-won ($1.4 billion) purchase of its smaller domestic rival as the de
An HMM container ship at the Port of Busan, South Korea (Courtesy of Yonhap) State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the country’s largest container line, to recover taxpayers’ mon
A very large crude carrier built by Daewoo Shipbuilding & Marine Engineering Co. The state-run Korea Development Bank (KDB), the main creditor of Daewoo Shipbuilding and Marine Engineering Co., said on Thursday it will look for a domestic buyer of the debt-ridden company, after i