Hutch's kimchi port of call

Hutchison has announced a $215 million acquisition of three major ports in Korea.

Li Ka-shing's conglomerate, Hutchison Whampoa has made its first foray into Korea. And bearing in mind his famous 'cluster strategy', the acquisition of Korean ports may herald his entry into Korea in a much bigger way.

Yesterday, Hutch announced it wanted to buy three Korean container ports for $215 million. Should the deal get past the Korean Fair Trade Commission the only antitrust body in Asia, Li will have the largest market share in the Korean port business.


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