Troubled water

Home > Business > Industry

print dictionary print

Troubled water


Hanjin Shipping’s headquarters in Yeouido, western Seoul, on Friday. The indebted company is facing a high possibility of court receivership after it failed to submit a turnaround plan to creditors on Friday. Hanjin Group, the company’s main shareholder, is said to have refused creditors’ requests to come up with a turnaround plan worth over 700 billion won ($625 million). [NEWSIS]

More in Industry

Chuseok delivery strike canceled as headcount increased

BMW Motorrad channels 1936 for its latest bike

Battery business IPO won't affect LG Chem's controlling stake, company says

Hyundai Construction Equipment signs Algeria forklift deal

FSS permits financial sector workers to use networks remotely

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