Hyundai Merchant to Buy Stake in Hanjin’s Port Terminal in U.S.

SEOUL, Jan. 19 (Korea Bizwire) – Hyundai Merchant Marine Co., a major shipping line here, said Thursday that it has decided to buy a stake in local troubled rival Hanjin Shipping Co.’s port terminal operator in the U.S., as part of efforts to save costs.  In a regulatory filing, Hyundai Merchant said its board of [...]