"Efforts to privatize South Korean shipping company HMM have been put on hold indefinitely after the collapse of negotiations to sell a controlling stake to the Harim Group, the parent company of Korean dry bulk shipping company Pan Ocean. The country’s two state-controlled financial institutions had been looking for years to return the shipping company to private hands after the government-led bailout rescued the former Hyundai Merchant Marine and recapitalized the company into HMM." See the original story at: The Maritime Executive.
Source: The Maritime Executive