HMM Sale Faces Uncertainty as Deal Terms Stumble
Negotiations between the government and the preferred bidder, Harim Group, hit an impasse over terms and…
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South Korea
Final lap for Hyundai Merchant Marine (HMM) Acquisition
LX International Withdraws, Leaving Dongwon Industries and Harim Group in Final Lap for HMM Acquisition, according…
UPDATE: Hapag-Lloyd Excluded from HMM Bidding as Korean Consortiums Advance
According to three local sources in Korea, Hapag-Lloyd Excluded from HMM Bidding as Korean Consortiums Advance.
HMM: Operating profits decline before privatization, five potential buyers
Lowest profits since the pandemic hit in 2020 impact HMM amidst privatization to five potential buyers, report…
South Korean government to begin search for HMM buyer next year
A roadmap for the sale of the South Korean government's stake in flagship HMM will be unveiled by the end of the…
South Korea container shortage causes costly logjam for exporters
Thousands of exporters like Dongkwang struggle to move their goods through Busan, the world's seventh-busiest…
South Korea investigates possible hacking of DSME’s computers
Korean officials confirmed that an investigation has been launched after South Korean shipbuilder Daewoo…
VIDEO: Cable Laying Vessel Catches Fire and Sinks Off South Korea
Cable Laying Vessel Catches Fire and Sinks Off South Korea – Incident VideoOn the 11th, a fire broke out off…