Hanjin gets winning bid from shipper that once almost failed

Korea Line has come back from the brink of bankruptcy to on Monday being tapped by the court in Seoul as preferred bidder for key assets in South Korea's collapsed container giant Hanjin Shipping.

BY KYUNGHEE PARK, BLOOMBERG

A South Korean shipping company that filed for bankruptcy protection five years ago emerged as the surprise winning bidder for some assets of the collapsed Hanjin Shipping Co., pipping a bigger rival that is undergoing a creditor-led debt revamp.

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Korea Line picked as preferred bidder for key Hanjin service
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