Hyundai Group, a major Korean conglomerate facing a protracted slump, said Tuesday it would again seek to sell its financial units and its chairwoman will chip in personal assets to help revive its money-losing shipping unit.

Hyundai Group has been rushing to salvage its key unit, Hyundai Merchant Marine, which has been in the red for years due to a decline in freight rates and global trade. 

The group's losses also ballooned following the suspension of cross-border tours to North Korea's Mount Kumgang, operated by its tourism arm Hyundai Asan Corp.

In 2013, the group announced a self-rescue plan to raise some 3.3 trillion won ($2.73 billion) by selling assets.

The group's efforts seemed to have paid off, but hit a stumbling block in late October last year as Japanese private equity firm Orix pulled out of a deal to take over Hyundai's brokerage unit, Hyundai Securities, for some 600 billion won.

So far, the group is said to have raised around 2 trillion won, partly through the sale of its logistics affiliate and stakes in other companies.

The group said it will inject some 100 billion won into Hyundai Merchant Marine, which will be partly funded by its chairwoman Hyun Jeong-eun.

Hyundai Group also said it will seek to sell its bulk business and other assets, which will allow the group to raise another 500 billion won. (Yonhap)