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HMM may hire its first CEO from outside Korea

Chances are that a foreigner may become the new Chief Executive Officer when Hyundai Merchant Marine is taken over by creditors in August. The South Korean container carrier has never had a CEO before who was not a Korean native.

Photo: Hyundai Merchant Marine

Hyundai Merchant Marine (HMM) may hire its first foreign Chief Executive when the South Korean carrier is taken over by creditors in August.

After a long period of negotiations, the carrier will be officially taken over by the state-owned Korea Development Bank (KDB) next month. The bank will then compile a new senior management team, writes The Korea Times.

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