Investment heavyweight Blackrock is set to inject KRW 1 trillion ($880m) into South Korea’s Hyundai Merchant Marine, according to reports.
A spokesperson for the shipowner confirmed a potential investment from Blackrock is being discussed but did not disclose further details, according to Reuters.
HMM received a KRW 1.5 trillion package from Korea last year in the weeks before Hanjin Shipping folded.
