Democratic Party leader Lee Jae-myung is one step closer to completing his privatization of the majority party after nominating an aide to his wife for a seat representing a district in South Jeolla.
HMM's main creditor and other state-owned companies are selling their shares in the shipping company as freight rates fall and interest rates rise.
China has arrived at a point where politics and economy are clashing. The global community will be affected by unpredictable China.
The Ministry of Oceans and Fisheries said there is a plan to "privatize" HMM but timing will depend on market conditions.
Woori Financial Group said Friday it has been privatized for the first time in 23 years.
Eugene Private Equity and four other investors are acquiring 9.3 percent of Woori Financial Group.
Korea JoongAng Daily Sitemap