The Ministry of Trade, Industry and Energy has completed its foreign investment security review and conditionally approved the overseas sale of Hyundai LNG Shipping. Seller IMM Private Equity and IMM Investment’s consortium and buyer Indonesia’s Sinarmas Group are targeting remaining payment and equity transfer by November 23, although negotiations could alter the closing date. The transaction values the equity at approximately 400 billion Korean won and the enterprise, including debt, at about 3.8 trillion Korean won. The review covered national energy security, LNG supply and demand, potential ship-technology leakage and broader energy-supply-chain risks. The decision removes the final major regulatory hurdle after earlier reviews and increases the prospect of management control transferring to Sinarmas Group.