More controversy surrounding Korea Development Bank’s control over HMM has erupted after a South Korean lawmaker revealed at the National Assembly on Friday that 67% of the liner operator’s surplus $4bn funds had been deposited in low-interest funds, managed by the state-backed policy lender.
Lawmaker Kang Min-guk, of the main opposition People Power Party, accused KDB of binding HMM’s surplus funds to financial products to boost the bank’s income.
Of HMM’s surplus …

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Source: The Loadstar