News / South Korean fishing and logistics group Dongwon mulling bid for HMM

Dongwon’s Incheon warehouse. Source: Dongwon Industries

South Korean business group Dongwon is reportedly considering joining the race for control of flagship carrier HMM.

Local sources said Dongwon representatives had received an HMM takeover prospectus from Samsung Securities, which is administering the sale of a 57.87% stake held by state-controlled Korea Development Bank and Korea Ocean Business Corp.

The tender was launched on 20 July.

Dongwon’s core business is deepsea fishing and seafood processing, conducted through Dongwon Industries. But the group is also involved in 3PL services, with Dongwon Loex, ...