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 .
Yoo Chang-Keun, CEO of troubled South Korean shipping company Hyundai Merchant Marine (HMM), has confirmed he will resign in March, two years before his scheduled 2021 departure. Since 2015, HMM 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 Hanjin Shipping. Despite the financial support, HMM has failed to turn around its fortunes, losing around $1.6bn over 14 quarters.