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Heiress-led Coalition Recommends New Chief for Debt-laden Hanjin Group

Heiress-led Coalition Recommends New Chief for Debt-laden Hanjin Group

SEOUL, Feb. 20 (Korea Bizwire) — The three-party alliance led by Hanjin Group heiress Cho Hyun-ah, widely known for the “nut rage” incident in 2014, on Thursday reiterated a need to replace the current leadership of the debt-laden South Korean airline conglomerate. The 45-year-old heiress has recently joined hands with the Korea Corporate Governance Improvement [...]

Hanjin Heiress Partners with KCGI, Bando for Group’s Management Control

Hanjin Heiress Partners with KCGI, Bando for Group’s Management Control

SEOUL, Jan. 31 (Korea Bizwire) — The heiress of South Korean airline-focused conglomerate Hanjin Group, widely known for the “nut rage” incident in 2014, has joined hands with a local fund and a builder for the group’s management control ahead of a shareholders meeting in March. In a joint statement with local activist fund Korea [...]

Hanjin Chief Clashes with His Mother over Control of Logistics Conglomerate

Hanjin Chief Clashes with His Mother over Control of Logistics Conglomerate

SEOUL, Dec. 29 (Korea Bizwire) — Hanjin Group chief Cho Won-tae has clashed with his mother over the group’s management, an industry official said Saturday, in a deepening family feud at South Korea’s largest logistics conglomerate. Cho had a big argument with his mother, Lee Myung-hee, at Lee’s house in Seoul on Christmas over whether [...]