Korea's FSC to minimize impact of Hanjin's collapse with acquisitions
South Korea's Financial Services Commission (FSC) stresses that it will take the necessary steps to minimize the consequences of Hanjin's collapse. The vice chairman also calls for competitor Huyndai Merchant to acquire Hanjin's healthy assets.
BY DANIEL LOGAN BERG-MUNCH
South Korea's largest carrier, Hanjin Shipping, has filed for receivership at a Seoul court on Wednesday.
The decision was expected, as the carrier's creditors rejected Hanjin's latest proposal for a rescue plan, but the news nevertheless cause a stir in a country where the shipping industry plays a big part in the national economy.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Maersk looks like obvious choice to buy Hanjin Shipping
For subscribers
Hanjin Shipping faces imminent collapse
For subscribers
