Tag: harim

harim

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Harim in legal battle with FTC over 100 billion won price-fixing fine

Harim, Korea's largest poultry-processing company, said Sunday that a hefty fine over alleged price-fixing stemmed from the government's supply control policy, as it continues two legal battles with the country's antitrust regulator.

2026.3.8

Harim Group will 'consider' second bid for HMM if sale process resumes

Harim Group's chairman said Wednesday that he would consider acquiring HMM, the nation's top container shipper, if it were put up for sale again.

2024.10.16

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CJ CheilJedang's Gourmet Soba Chicken Seasoning [CJ CHEILJEDANG]

Frozen chicken sales heat up as delivery prices ruffle feathers

Sales of frozen chicken products at supermarkets are enjoying an uptick as fried chicken franchises raise their prices.

2024.5.22

Harim's $4.9 billion HMM acquisition off after sides fail to reach deal

Negotiations for the 6.4 trillion won ($4.9 billion) sale of Korea's largest shipper, HMM, to local poultry processor Harim, have collapsed after seven weeks of talks failed to yield an agreement on acquisition terms.

2024.2.7

Unionized members of HMM picket on a vessel to protest Harim Group's plan to acquire the shipping company. [HMM LABOR UNION]

Deadlock looms over $4.9 billion HMM sale as negotiation deadline nears

The once-delayed 6.4 trillion won ($4.9 billion) sale of HMM faces a deadlock as primary creditors and the preferred bidder — a consortium of Harim and JKL Partners — remain at odds over acquisition conditions ahead of Tuesday’s negotiation deadline.

2024.2.5

HMM takeover talks with Harim delayed over final details

Negotiations on the takeover of HMM, Korea's largest shipping company, by preferred bidder Harim and HMM’s primary creditors have been delayed by two weeks.

2024.1.23

Harim's $4.9 billion bid to acquire HMM is met with uncertainty

Harim's proposed $4.9 billion acquisition of HMM is facing financial concerns as credit rating agencies question Harim's ability to fund the deal. Harim plans to rely on Pan Ocean, a company it owns majority shares in.

2023.12.22

Harim Group to acquire HMM for $4.9 billion

Korean food firm Harim Group has been chosen as the preferred bidder for the acquisition of HMM, Korea's largest bulk shipping company, in a deal worth up to $4.9 billion. Parties expect to finalize a stock purchase agreement by the end of 2023.

2023.12.18

Dongwon threatens lawsuit over HMM bidding war

Seafood company Dongwon has challenged the fairness of the bidding process involved in the acquisition of shipping company HMM. Dongwon is competing with Harim Group for the purchase.

2023.12.11

Dongwon, Harim Group bid for HMM, reports say

Dongwon and Harim Group participated in a bid to acquire container shipper HMM, according to media reports on Thursday, paving the way for the deal that could fetch up to 7 trillion won ($5.4 billion).

2023.11.23