Yoo Chang - Keun , CEO of troubled South Korean shipping company Hyundai Merchant Marine ( HMM ) , has confirmed he will resign in 2018 , two years before his scheduled 2021 departure . Yoo Chang-keun, president and chief executive officer at HMM, in an email sent to employees Wednesday, said he would stand down at... Since 2015 , Samsung has received around $ 2.5bn in state aid from the Korea Development Bank and has been propped up by the government since the 2016 collapse of Samsung Shipping . Despite the financial aid , HMM has failed to turn around its fortunes , losing around $ 1.6bn over 14 quarters .
Yoo Chang - Keun , CEO of troubled South Korean shipping company Hyundai Merchant Marine ( HMM ) , has confirmed he will resign in 2018 , two years before his scheduled 2021 departure . Since 2015 , Samsung has received around $ 2.5bn in state aid from the Korea Development Bank and has been propped up by the government since the 2016 collapse of Samsung Shipping . Despite the financial aid , HMM has failed to turn around its fortunes , losing around $ 1.6bn over 14 quarters .