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20 September 2020 The on-line newspaper devoted to the world of transports 13:00 GMT+2

October 9, 2002

HMM scandal slows restructuring process

The Korea Herald

The pace of Korea's corporate reform has slowed significantly following the allegations that the government channeled $400 million to North Korea via loans given by Korea Development Bank (KDB) to Hyundai Merchant Marine (HMM), financial sources said yesterday.

The shipping company itself was to sell off its auto-carrying fleet to avoid a ......
Read more on The Korea Herald

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