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News / Seoul builds its stake in HMM after KOBC converts bonds to shares

Kim Yang-soo Credit KOBC
Kim Yang-soo    photo: Korea Ocean Business Corp
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The South Korean government has consolidated its control over HMM after the Korea Ocean Business Corporation (KOBC) increased its stake in the flagship carrier more than five-fold , after exercising its right to change convertible bonds to shares a week ago.

HMM said it would fully ...

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    HMM Korea Development Bank Korea Ocean Business Corporation (KOBC)