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Hoban Group Secures Hanjin KAL Stake, Cho Won-tae Faces Uncertainty
Hoban Group has notified the Fair Trade Commission of a business combination after acquiring more shares in Hanjin KAL, the holding company of Hanjin Group, according to KBS World. Industry observers note that as Hoban Group ascends to the position of the largest shareholder, uncertainty surrounds the direction of management rights in relation to Hanjin Group Chairman Cho Won-tae. Business Korea reports that Cho Won-tae faces management control uncertainty as a result.


















