South Korea's Harim Co. and Dongwon Industries Co. have submitted an offer to acquire approximately 58% of the share capital of the containerized shipping company HMM put up for sale by creditors of the Seoul-based shipping carrier, including mainly the Korea Development Bank and the Korea Ocean Business Corporation. He has South Korean news agency "Yonhap" reported specifying that the South Korean LX International, also selected as a potential buyer along with the other two compatriots, did not submit an offer of its own by the end of the yesterday's deadline, explaining that the decision not to participate in the procedure is the result of a strategic choice made on the basis of the market situation and economic environment.

Yonhap said that the Korea Development Bank and the other creditors intend to select the bidder by the end of the current month in order to Complete the sale by the end of 2023. The sale price estimated to be around seven trillion won (5.4 billion dollars).

The Harim Group is mainly active in the food and agriculture, but also in logistics and maritime transport, the latter through the company owner Pan Ocean. The Dongwon Group operates in the same sectors, with Dongwon Industries which is active in the fishing segment and logistics and with logistical operations that are also carried out from other companies in the group.