SEOUL, June 13 (Korea Bizwire) — Hanjin KAL Corp., the holding company of South Korea’s air transportation conglomerate Hanjin Group, said Monday it is selling its entire stake in its budget carrier unit to its flagship Korean Air Lines Co., a move seen as intended at streamlining the structure before completing a merger with a [...]
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 [...]
SEOUL, Aug. 1 (Korea Bizwire) — Delta Air Lines, Inc. said Thursday it has increased its stake in Hanjin KAL, the parent company of Korean Air Lines Co., in what it called a just investment. In a report to the bourse operator, the Korea Exchange, Delta said it increased its stake in Hanjin KAL to [...]
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. [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s state pension operator has decided to exercise its shareholders’ rights over Hanjin KAL, the holding firm of national flag carrier Korean Air Lines Co., the welfare ministry said Friday. The National Pension Service (NPS) made the decision in the state fund’s management committee, led by Health and [...]