Strong interests in South Korea warn against sale of carrier to Germans

A sale of HMM to Hapag-Lloyd poses both economic and security risks for South Korea, heavyweight industry players warn.
HMM is by far South Korea's largest shipping company. Now it could end up in German hands after competitor Hapag-Lloyd has made a bid for the company. | Photo: Axel Heimken/AP/Ritzau Scanpix
HMM is by far South Korea's largest shipping company. Now it could end up in German hands after competitor Hapag-Lloyd has made a bid for the company. | Photo: Axel Heimken/AP/Ritzau Scanpix

Hapag-Lloyd’s bid for South Korean rival HMM has prompted two influential shipping players in South Korea to warn the country’s government against selling the company to foreigh stakeholders.

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