Reuters: Hot Stocks: Korea Hot Stocks-Hyundai Merchant Marine jumps as shareholders feud

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Korea Hot Stocks-Hyundai Merchant Marine jumps as shareholders feud Mar 22nd 2013, 00:41 SEOUL, March 22 | Thu Mar 21, 2013 8:41pm EDT SEOUL, March 22 (Reuters) - South Korea's main KOSPI share index was up 0.13 percent at 1,948.25 points as of 0027 GMT. The index opened down 0.1 percent. Hyundai Merchant Marine Co rose 6.5 percent ahead of a shareholder's meeting on Friday where its largest shareholders are expected to butt heads. Hyundai Heavy Industries, which holds a 22 percent stake in the shipper, is expected to vote against a proposal to change Hyundai Merchant's articles to empower the board for rights issues. (Reporting by Somang Yang; Editing by Richard Pullin)

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