September 5, 2016 / 2:47 AM / 3 years ago

Hyundai Merchant Marine in talks with Samsung, LG to ship their cargo

A South Korean man views papers next to a miniature of a merchant ship at the headquarters of Hyundai Merchant Marine Co in Seoul. REUTERS/Files

SEOUL (Reuters) - Hyundai Merchant Marine Co Ltd (011200.KS) is in talks with South Korean firms such as home appliance makers Samsung and LG to carry their cargo, the chairman of South Korea’s Financial Services Commission told reporters on Monday.

Samsung Electronics Co Ltd (005930.KS) and LG Electronics Inc (066570.KS) have been customers of Hanjin Shipping Co Ltd 117930.KS, a Hanjin spokeswoman previously told Reuters.

Shares in Hanjin Shipping slumped by the daily limit of 30 percent in resumed trade on Monday as the South Korean shipping firm struggles to contain the fallout of its collapse.

Reporting by Joyce Lee; Editing by Edwina Gibbs

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