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HMM sues former executives and chairman

Hyundai Merchant Marine is suing its former chairman and other top executives accused of fraud and unfair trading back in 2014.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

South Korean container carrier Hyundai Merchant Marine (HMM) has sued five top executives in the group including former HMM chairman Hyun Jeong-eun.

The case was filed with the state prosecutor last week and concerns the sale of Hyundai Logistics in 2014, which according to HMM ended up an unfair deal for the carrier.

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