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Hanjin brings in new CEO from airline

This months poor results at Korean Hanjin forced the carrier's CEO to step down. Now his replacement has been found. He comes from a completely different industry.

Photo: Hanjin

Korean Hanjin Shipping, which owns the world's eight-largest container carrier, has found the new man who will ensure the company a more sustainable future, after former CEO Young Min Kim resigned earlier this month following the shipping company's disappointing performance.

Starting the day after tomorrow, on December 1st, the new CEO and president will be Tai Soo Suk, who was chosen by the Board of Directors because of his "excellent performance" as CEO of Hanjin Transportation, as well as his experience from the senior management of Korean Air, according to Seatrade Global.

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