The Korea Times
Controversy continues to surround HMM’s relocation from Seoul to Busan, despite the nation’s largest container shipping company having secured union approval last month and shareholder approval Friday to revise the head office location in its articles of association. During his announcement on April 30 that the union had agreed to the relocation plan, HMM CEO Choi Won-hyok said a Seoul branch would remain necessary for sales and finance functions. His remarks have been widely interpreted as signaling that HMM plans to allow most of its 900 Seoul-based employees to remain in the capital rather than relocate to the southeastern port city, where the company currently operates an office with about 200 employees. Before reaching an agreement, the union representing HMM employees in Seoul had said it would accept the relocation only if most members were allowed to stay. Civic groups in Busan have urged the company to present detailed relocation plans. “If it follows the precedent of public institutions that retained key functions in Seoul, the relocation will fail to deliver the expected
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