Korea's Hyundai Mipo Dockyard is KRW 450bn ($403m) richer after selling its stock brokerage and shipowning company.

The shipbuilder offloaded 340m shares, or 85.23%, in HI Investment & Securities Co, the Yonhap news agency reported.

DGB Financial Group has been linked to the deal by other Korean media.

TradeWinds reported last year that HI had sold the Hyundai Vinashin-built, 36,000-dwt bulker Hanjin Liverpool (built 2012) to an undisclosed buyer for $8.2m.