South Korean state tightens control of HMM amid privatisation questions
Korea Development Bank (KDB) and Korea Ocean Business Corp (KOBC) on Tuesday increased their stake ...
HMM chief executive CK Yoo has told colleagues he is resigning, despite a three-year contract extension last year. The boss of South Korea’s flagship carrier, Mr Yoo sent an internal note to colleagues announcing his departure. According to Splash 24/7 the note thanks the HMM team for the “reconstruction of HMM from the disarray for the last two and half years”. It is expected that he will make the announcement formally at the carrier’s next shareholder meeting in March.
Comment on this article
Gary Ferrulli
February 21, 2019 at 4:15 pmDo you think their financial results have anything to do with it?? Or are they not
in business to make money,