News / KOBC shifts funding focus from now stable HMM to intra-Asia operators

Kim Yang-soo Credit KOBC

South Korea’s state-backed ship finance institution Korea Ocean Business Corp (KOBC) is to provide more financial support to smaller feeder operators that operate mainly in the intra-Asia trades, now that the country’s flagship carrier, HMM, has been stabilised.

This week KOBC launched a special support programme. KOBC president Kim Yang-soo said: “Our efforts at broadening the scope of support are paying off.

“HMM’s finances turned to black in 2020. So we are diversifying our business to strengthen support for small and medium-sized ...