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HMM Steps Up for Team South Korea, and Itself

Cons. Discr. - Autos 1074 Corp - Shipping 905 Financing 112 Info Tech - Tech Hardware 708 Logistics 475 Mode - Seaborne 1721 South Korea 538 U.S. 5049

Hyundai Merchant Marine will help offset the disruption to South Korean exporters from Hanjin Shipping’s move to receivership. Aside from the commercial interest, it helps the government’s objective of protecting a fragile export recovery. LG, Samsung and Nexen rely on Hanjin for U.S. exports, Panjiva data shows, with Hyundai potentially more than doubling its business on the route.

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