Conflict deepens as HMM reshuffles board amid relocation push
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Tensions are escalating between HMM’s labor union and management after the shipping company succeeded Thursday in reshuffling its board, a move seen as a preliminary step to relocate its headquarters from Seoul to Busan. At a regular general shareholders’ meeting, HMM secured approval to appoint Ahn Yang-soo, former CEO of KDB Life Insurance, and Park Hee-jin, a professor at Pusan National University, as new outside directors. With the approval, HMM’s board now consists of two executive director
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