Korean owner Hyundai Merchant Marine (HMM) has announced that CEO CK Yoo is to remain in his post for another three years.
The boss has had his term extended until 2021, it said.
The decision was revealed at a shareholders’ meeting at its Seoul headquarters.
Yoo said: “All employees of HMM – with a sense of great duty and mission as the only national ocean carrier – will give our all to leap forward as one of the top global shipping carriers.”
