In a move to bolster economic ties and explore investment opportunities, Deputy Prime Minister Sun Chanthol, who is also the First Vice Chairman of the Council for the Development of Cambodia (CDC), recently met with prominent Korean business leaders in Seoul.
Top Korean firms probe Cambodian opportunities khmertimeskh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khmertimeskh.com Daily Mail and Mail on Sunday newspapers.
The sale of top container shipper HMM drifted away late Tuesday, as negotiations between two state agencies and a local consortium broke off after weeks of remaining at odds over the terms. The state-run Korea Development Bank and Korean Ocean Business Corp. holding a combined 57.9 percent stake in HMM, had been in talks with a local consortium formed by agri-food giant Harim and private equity firm JKL Partners, to .
The sale of HMM, the nation’s leading container shipper, continues to face a conundrum, as its main creditor and a preferred bidder are showing no signs of narrowing their differences ahead of the negotiation deadline.