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]
with the Korea JoongAng Daily
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