SEJONG, Nov. 12 (Korea Bizwire) — Hanjin Group, which owns South Korea’s top flag carrier Korean Air Lines Co., is mulling acquiring the country’s No. 2 carrier Asiana Airlines Inc., sources here said Thursday. Hanjin Group is in talks with the state-run Korea Development Bank (KDB), the main creditor of Asiana, to buy the debt-ridden [...]
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 [...]
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 [...]
SEOUL, Jan. 20 (Korea Bizwire) – The heiress of South Korean airline-focused conglomerate Hanjin Group, widely known for the “nut rage” incident in 2014, has come under the spotlight again in what appears to be a fresh twist to a family feud brewing over the group’s throne. The family feud first came to light in [...]
SEOUL, Dec. 30 (Korea Bizwire) — Hanjin Group Chairman Cho Won-tae and his mother offered a public apology Monday for what could be seen as a family feud over the control of South Korea’s largest logistics conglomerate. The statement came two days after South Korean media reported Cho’s big argument with his mother at her [...]
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 [...]
SEOUL, Dec. 23 (Korea Bizwire) — In what could be a signal of a family feud at South Korea’s largest logistics conglomerate, Hanjin Group, the eldest daughter of the group’s late chairman on Monday accused her younger brother of ruining the family business. Cho Hyun-ah, former head of Korean Air Lines Co., claimed her younger [...]
SEOUL, Jun. 7 (Korea Bizwire) — After a brief hiatus, local activist hedge fund Korea Corporate Governance Improvement (KCGI) is again ramping up its pressure on Hanjin KAL Corp., the holding company of logistics-centered Hanjin Group which has been increasingly under pressure to improve its corporate governance and even change its management, industry sources said [...]
SEOUL, Apr. 24 (Korea Bizwire) — The only son of late Korean Air Lines Co. Chairman Cho Yang-ho was named as new chief of Hanjin Group, the airline’s parent company, the logistics-centered group said Wednesday. The board of Hanjin KAL, the group’s holding company, appointed Cho Won-tae, 44, as the group’s new chairman, replacing his [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korean customs authorities have opened a KakaoTalk group chat room for investigators of the Hanjin Group’s tax evasion and smuggling scandal. According to sources close to the government, the Korea Customs Service launched an open group chat room on messaging app KakaoTalk on Tuesday with the title ‘We are looking [...]