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Hoban Rises as Hanjin KAL Top Shareholder, Cho Faces Uncertainty
Hoban Group has notified South Korea's Fair Trade Commission of a business combination after acquiring more shares in Hanjin KAL, the holding company of Hanjin Group, according to KBS World. Business Korea reports that Hoban has ascended to the position of the largest shareholder of Hanjin KAL, creating uncertainty over management rights in relation to Hanjin Group Chairman Cho Won-tae. Separately, a civic group has filed a breach of trust complaint over Hanjin-linked share deals, with suspicions that Korea Zinc funds were used in transactions tied to Cho's inheritance tax obligations, Business Korea adds.


















