Hanjin Group becomes Hanjin KAL Holdings

Home > Business > Industry

print dictionary print

Hanjin Group becomes Hanjin KAL Holdings

Hanjin Group, nation’s top conglomerate in logistics, has officially switched into a holding company structure with the establishment of Hanjin KAL Holdings yesterday. The holding company spun off from Korean Air Lines and will be listed on the stock market

The decision to set up a holding company was approved at a board meeting in June. Hanjin Group, which is run by Chairman Cho Yang-ho, explained that the move was designed to eliminate cross-share holdings among affiliates and improve transparency.

Hanjin KAL Holdings will manage affiliates and review new businesses, while KAL will focus on airline business. The company will led by Suk Tai-soo, who is the CEO of Hanjin Transportation.

More in Industry

Futures at stake, marketers see opportunity in CSAT

Aekyung Group makes executive appointments

Lotte Mart slammed for illegally kicking out trainee guide dog

It's tough at the top, and many would prefer not to try

[NEWS IN FOCUS] It's spinoff time for LG Chem and battery unit

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now