HMM IR tour in Europe

President Roh Jeong Ik of HMM (Hyundai Merchant Marine) started another round of Investor Relation (IR) in Europe.

According to HMM April 19, President Roh's visit includes London, Glasgow and Edinburgh in the U.K., Amsterdam and Rotterdam in Holland, and Hamburg and Frankfurt in Germany as well as other destinations around Europe. He will be meeting with officials from main ports there from the 19th to the 27th, and returns home on the 28th. This is his second visit; the first was in June of last year.

He plans to explain the latest conditions of the company and the main business plan for this year based on remarkable results from last year. He aims to strengthen relations and cooperation between HMM and ports in the future.

HMM was in the spotlight for its overseas IR activity last year. This year's schedule includes various IR activities starting with this round of IR in Europe, then the Americas, Asia, and at home. Roh supervises IR meetings within the company with general managers once a month.

HMM broke from a normalization agreement of the management in early August last year thanks to the efforts of president Roh. The company advanced its bond credit rating from BBB to BBB+, a short-term credit standing, and commercial papers improved from A3 to A3+.

An official from HMM said, "We improved confidence overseas as a result of IR in Europe last year," and added, "We were applauded by foreign investors for sending information about business results and financial conditions last year."