News / 'Learn from Hanjin collapse' – government urged to nationalise HMM

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HMM should be nationalised, according to Busan civic groups and members of South Korea’s marine industry that have begun lobbying the government to stop seeking a buyer.

Lobbyists, including the National Movement For A New Maritime Power, Busan Port Development Association, claim the three companies vying to acquire HMM may not be able to support the shipping group in a crisis and are urging government not to rush into a sale.

The state took control of HMM by swapping debt for equity ...