
Korea Development Bank Begins Process to Sell Management Right of HMM
Korea Development Bank (KDB) has initiated the sale of the management right of global shipping and logistics company, HMM. HMM's privatization process is expected to proceed quickly, as KDB Chairman Kang Seog-hoon has pledged to expedite the sale of the shipping firm. KDB and the Korea Ocean Business Corporation (KOBC), HMM's largest and second-largest shareholders, have jointly launched the process for appointing advisory companies for the sales deal earlier this week. They plan to receive pro










