HMM Headquarters Relocating to Busan... Approved at Extraordinary Shareholders’ Meeting

Relocation Registration to Be Completed in May... CEO's Office Moves First
Details on Organization and Personnel to Be Finalized Through Labor-Management Consultations

The agenda to change the location of the headquarters of HMM, the largest container shipping company in Korea, to Busan has been officially confirmed.

Yonhap News Agency

HMM announced on May 8 that the agenda to move its headquarters from Seoul to Busan was approved at an extraordinary general shareholders' meeting held at its Yeouido headquarters.

On March 30, HMM's board of directors resolved to submit an amendment to the articles of association regarding the headquarters location to the extraordinary general shareholders' meeting, and with the agenda's approval on this day, the headquarters location has now been changed to Busan.

As a follow-up to the headquarters relocation, HMM plans to complete the legal procedures, such as registration of the change, within May. The CEO's office will be relocated to Busan first, and detailed matters such as organizational and personnel management will be specified through labor-management discussions.

Previously, on April 30, HMM's labor and management jointly announced that they had agreed on the relocation of the headquarters to Busan in order to contribute to national balanced development and the strengthening of local autonomy.

This content was produced with the assistance of AI translation services.