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Shares of Harim Holdings soar, Pan Ocean fall after HMM acquisition announcement

Shares of Harim Holdings and its shipping subsidiary Pan Ocean, moved in the opposite direction, Wednesday, after investors showed different expectations for the poultry processor acquired an over 57 percent stake in HMM, the country’s largest shipping firm, for 6.4 trillion won ($4.9 billion).

Asiana backs sale of cargo unit, removing one hurdle to Korean Air merger

SEOUL : South Korea's Asiana Airlines said on Thursday its board had approved the sale of the company's cargo business - an important step towards allaying EU competition concerns about a proposed takeover by Korean Air Lines.Korean Air, the country's biggest carrier, said in a statement following the dec

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