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Hanjin Chairman Wins Vote Showdown, but Uncertainty Lingers over His Grip

Hanjin Chairman Wins Vote Showdown, but Uncertainty Lingers over His Grip

SEOUL, March 27 (Korea Bizwire) — Shareholders of Hanjin KAL Corp., the holding company of logistics-to-airline conglomerate Hanjin Group, on Friday approved the reappointment of the group’s heir apparent as a member of its board, bringing him a victory in a family feud over the group’s control. Hanjin Group Chairman Cho Won-tae, 44, defended his [...]

Delta Emerges as Friendly Force for Korean Air in Battle with Activist Fund

Delta Emerges as Friendly Force for Korean Air in Battle with Activist Fund

SEOUL, Jun. 21 (Korea Bizwire) — Delta Air Lines Inc.’s surprise move to invest in Hanjin KAL, the parent company of its joint venture partner Korean Air Lines Co., will help its partner fend off growing pressure from a local activist fund to change its leadership and improve its corporate governance, industry sources said Friday. [...]