PwC: Makes financial sense to let Hanjin go bankrupt

Consultancy firm PwC has submitted its report concerning Hanjin Shipping's fate to the court in Seoul. The accountants have not spent time calculating the financial benefits of restructuring the carrier, currently under court receivership.

Photo: Hanjin

A liquidation is preferable to restructuring. This is the conclusion in a report from the consultancy firm PwC to a court in Seoul with reference to the fact that it is more economically viable to allow the carrier Hanjin Shipping to go bankrupt, according to Yonhap News.

PwC's conclusion on Hanjin can hardly come as a surprise, as the de facto settlement of Hanjin through asset sales is already underway.

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