The country’s largest bulker owner said in a Korea stock exchange announcement it had received court approval for the move and placed a sales notice in Korean newspapers on Wednesday.
The Korea Economic Daily cited investment banking sources as saying the auction could fetch between KRW 600bn and KRW 700bn ($660m).
Potential bidders will conduct due diligence from 10 November to 28 November, with binding offers due in by 11 December, the notice said.
Buyers
