Will gov't succeed in relocation of HMM to Busan?

HMM is drawing attention as speculation grows that the company will follow other shipping firms and the Ministry of Oceans and Fisheries by relocating its headquarters to Busan. The proposed move is currently facing strong backlash from its workers, most of whom are based in Seoul’s financial district of Yeouido. After Oceans Minister Chun Jae-soo said he will unveil a road map for HMM’s relocation next month, the company’s union staged a protest in front of the presidential office in Seoul on Thursday, warning it would go on strike if the government pushes ahead with the plan. A day after the rally, however, SK Shipping and H-Line Shipping — two mid-sized bulk shipping companies controlled by private equity firm Hahn & Company — announced they would move their headquarters from Seoul to Busan. This follows the Oceans Ministry’s own relocation from Government Complex Sejong, which began Monday. Busan residents have also urged HMM to align with the Lee Jae Myung administration’s push to turn the city into a hub for the maritime industry, noting that nearly 7 trillion won ($4Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times