Hanjin Shipping Declared Bankrupt, Ending 40-Year Run
SEOUL, Feb. 17 (Yonhap) – Hanjin Shipping Co., a major shipping line in South Korea, was officially declared bankrupt by a Seoul court Friday, ending its 40-year run and heralding a fundamental change in the country’s shipping landscape. The Seoul Central District Court decided to declare bankruptcy for Hanjin Shipping after a two-week period for [...]