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Hoban Group has become the largest shareholder of Hanjin KAL, the holding company of Hanjin Group, after acquiring more shares, and has notified the Fair Trade Commission of a business combination, according to KBS World. Business Korea reports that this shift has created uncertainty over the direction of management rights in relation to Hanjin Group Chairman Cho, as Hoban's ascent intensifies the stake battle. The documents do not provide further details on Cho's response or specific share percentages, so the full scope of the contest remains unclear.