US EditionDebate Heats up over Sale of Hyundai LNG Shipping to Indonesian Firm
2 Articles
2 Articles
Debate heats up over sale of Hyundai LNG Shipping to Indonesian firm
Controversy has reignited over the potential sale of a Korean liquefied natural gas (LNG) shipping firm to foreign buyers after residents of Busan joined protests against private equity firm IMM’s plan to sell Hyundai LNG Shipping to Indonesia’s Sinar Mas. Critics denounced the deal as a serious threat to President Lee Jae Myung’s maritime policy and urged the government to block the transaction. “The deal could pave the way for foreign takeover…
[Digital Daily Reporter Choi Min-ji] On the 16th, the Busan Port Development Council (BuBalHyeop), a Busan civic group, released a statement condemning the overseas sale of Hyundai LNG Shipping. BuBalHyeop stated, "National energy security and policies to increase the utilization rate of core energy must not be undermined," and urged the government to "reject approval for the sale of Hyundai LNG Shipping." BuBalHyeop pointed out that the oversea…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
