• Hanjin Chairman Wins Vote Showdown, Ending Cho Family Feud

Hanjin Group Chairman Cho Won-tae
Hanjin Group Chairman Cho Won-tae
Shareholders of Hanjin KAL, the holding company of logistics-to-airline conglomerate Hanjin Group, have approved the reappointment of the group's heir apparent as a member of its board.

Hanjin Group Chairman Cho Won-tae preserved his board seat after garnering 56.67 percent approval.

His current position has been challenged by a coalition led by his elder sister, Cho Hyun-ah, who in January led an alliance involving Korea Corporate Governance Improvement fund and Bando Engineering & Construction to oust him from the management position.

During the dispute, the Hyun-ah coalition had argued that inviting a professional manager would help improve the group's management, financial status and shareholder value.■

<Image: Yonhap News>

Please send comments to tbsefmnews@gmail.com / copyright © tbs. Unauthorized redistribution prohibited.

About us  l  The grievance

COPYRIGHT 03909 31, Maebongsan-ro, Mapo-gu, Seoul, Korea S-PLEX CENTER | Tel: 082-2-311-5114
Copyright © Since 2020 Seoul Traffic Broadcasting. All Rights Reserved.