Hanjin

South Korean conglomerate

Not to be confused with Hanshin, which is Japanese.

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Hanjin KAL Corporation

Hanjin headquarters

Native name

| 한진칼
Company type| Public

Traded as

| KRX: 180640
Industry| Conglomerate
Founded| November 1945; 78 years ago (1945-11)
Founder| Cho Choong-hoon
Headquarters| Seoul, South Korea

Key people

| Walter Cho
(Chairman and CEO)
Ryu Kyeong-Pyo
(President)
Owner|

* Delta Air Lines (14.90%)
* Hoban Construction (11.50%)
* Korea Development Bank (10.58%)
* Estate of Walter Cho (5.78%)
* Estate of Emily Lee Cho (5.73%)
* others

Subsidiaries| Korean Air, Jin Air
Website| hanjinkal.co.kr

The Hanjin Group (Korean: 한진 그룹; Hanja: 韓進 그룹; RR: Hanjin Geurup) is a South Korean chaebol. The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and one of the largest chaebols in Korea. The group includes Korean Air (KAL), which was acquired by the founder Cho Choong-hoon in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before its bankruptcy. In 2013, Hanjin Group officially switched from cross ownership to a holding company structure with the establishment of Hanjin KAL Corporation. The group is controlled by descendants of Cho Choong-hoon, and many construction chaebols are the major shareholders of Hanjin KAL.

## History

[edit]

Korean Air/Hanjin Office in Minato, Tokyo, Japan as seen from the Tokyo Tower

Hanjin started at the end of World War II, in November 1945. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all of the U.S. armed forces in Vietnam, including the Army, Navy, and Air Force. In November 1969, Hanjin made its entry into the containerized shipping business signing a deal with Sea-Land Service, Inc. In September 1970, the company opened its first container yard at the port of Busan.

The late 1970s saw a major push into the Middle East with contracts signed to Kuwait at the port of Shuwaik (September 1977), Saudi Arabia at the port of Dammam (March 1979), and at the port of Jeddah (May 1980).

In March 1990, Hanjin branched out into trucking and warehousing with the purchase of Korea Freight Transport Company. In June 1992, Hanjin Express was introduced to deliver small packages and provide courier service. The company started to load and unload cargo at the ports of Long Beach and Seattle with the joint venture Total Terminals International LLC., in August 1992. In January 1993, they initiated container rail service between Busan and Uiwang. In May 1995, Hanjin hauled grain to North Korea. The Hanjin-Senator once was the seventh largest container transportation and shipping company in the world (operations ceased February 2009).

After Hanjin's founder, Cho Choong-hoon, died in 2002, his eldest son, Cho Yang-ho, inherited KAL, when his third son, Cho Soo-ho, was handed Hanjin Shipping.[1] Cho Soo-ho died from lung cancer in 2006 and his widow, Choi Eun-young, became the chairwoman of Hanjin Shipping in the following year.[1] KAL acquired 33.2 percent of Hanjin Shipping in June 2014.[1]

On 31 August 2016, Hanjin Shipping filed for bankruptcy. Hanjin Shipping's creditors withdrew their support after deeming a funding plan by parent company Hanjin inadequate.[2][3]

## Affiliates

[edit]

Hanjin Group manages the basis of its holding company, Hanjin-KAL established in August 2013.[4]

### Aviation

[edit]

* Air Korea
* Incheon Aviation Technology
* Jin Air
* Korean Air
* Korea Airport Service

### Foreign Corporation

[edit]

* Hanjin International Corporation
* Waikiki Resort Hotel

### Ground Transportation

[edit]

* Hanjin Busan Newport Co.
* Hanjin Incheon Container Terminal Co, Ltd
* Hanjin Transportation Co., LTD
* Seoul Integrated Freight Terminal

### Information Services

[edit]

* CyberSky
* Global Logistics System Korea
* Hanjin Information Systems & Telecommunication
* TOPAS

### Nonprofit Corporations

[edit]

* Il Woo Foundation
* Inha Technical College
* Inha University
* Inha University Hospital
* Jungseok Logistics Fondation
* Jungseok-Inha Educational Foundation
* Korea Aerospace University

### Tourism·Hotel·Leisure·Real Estate

[edit]

* Air Total Service
* Hanjin Travel
* Jungseok Enterprise Co., Ltd
* KAL Hotel Network
* Wangsan Marina

## Other subsidiaries

[edit]

A Korean Air Boeing 777-200ER landing at Vancouver International Airport

* Homeo Therapy
* Uniconverse Co., Ltd

## See also

[edit]

* South Korea portal
* Companies portal

* List of largest companies of South Korea

## References

[edit]

1. ^ a b c Kim, Jaewon (13 November 2016). "Korean Air Lines faces turbulence from its founding family". The Financial Times. Retrieved 27 February 2017.
2. ^ Paris, Costas; Nam, In-Soo (31 August 2016). "Move by South Korea's Hanjin Shipping Roils Global Trade". Wall Street Journal - via www.wsj.com.
3. ^ [1][dead link]
4. ^ "Our companies". Hanjin Group.

## External links

[edit]

* Official website
* Business data for Hanjin KAL:

* Bloomberg
* Google
* Reuters
* Yahoo!

* v
* t
* e

Hanjin Group

Holding company|

* Hanjin KAL

Aviation|

* Air Korea
* Incheon Aviation Technology
* Jin Air
* KAL Catering
* Korea Airport Service
* Korean Air

Ground transport|

* Hanjin Busan Newport
* Hanjin Incheon Container Terminal
* Hanjin Transportation
* Seoul Integrated Freight Terminal

Tourism and real estate|

* Air Total Service
* Hanjin Travel
* Jungseok Enterprise
* Wangsan Marina

Information service|

* CyberSky
* Global Logistics System Korea
* Hanjin Information Systems & Telecommunication
* TOPAS

Non-profit corporations|

* Inha Technical College
* Inha University
* Inha University Hospital
* Il Woo Foundation
* Jungseok Logistics Foundation
* Jungseok-Inha Educational Foundation
* Korea Aerospace University

Foreign сorporations|

* Hanjin International Corporation
* Waikiki Resort Hotel

Related|

* Hanjin Heavy Industries & Construction Holdings
* Hanjin Shipping (defunct)
* Incheon Korean Air Jumbos
* Meritz Financial

People|

* Cho Choong-hoon (founder)
* Cho Yang-ho
* Walter Cho

* v
* t
* e

Largest conglomerates in South Korea

Business Groups with a total asset exceeding 0.5% of the nominal GDP for 2024, as designated by KFTC

1. Samsung
2. SK
3. Hyundai Motor
4. LG
5. POSCO
6. Lotte
7. Hanwha
8. HD Hyundai
9. GS
10. Nonghyup
11. Shinsegae
12. KT
13. CJ
14. Hanjin
15. Kakao
16. LS
17. Doosan
18. DL
19. Celltrion
20. HMM
21. Jungheung Construction
22. Mirae Asset
23. Naver
24. Hyundai Department Store
25. S-Oil
26. Booyoung
27. Coupang
28. Kumho Asiana
29. Harim
30. SM
31. HDC
32. Young Poong
33. Hyosung
34. Hoban Construction
35. DB
36. KT&G
37. KCC
38. Sinokor
39. Kyobo Life Insurance
40. Kolon
41. OCI
42. Taeyoung
43. Nexon
44. SeAh
45. LX
46. Netmarble
47. EcoPro
48. E-Land

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* Celltrion
* Cheil Worldwide
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* CJ Logistics
* Cosmax
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* Coway
* CS Wind
* Daesang
* Daewoo E&C
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* DB HiTek
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* DL
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* Dongsuh
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* Doosan
* Doosan Bobcat
* Doosan Enerbility
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* DoubleU Games
* Ecopro Materials
* Emart
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* Green Cross
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* Hanall Biopharma
* Hanil Cement
* Hanjin KAL
* Hankook & Company
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* Hanmi Pharm
* Hanmi Science
* Hanon Systems
* Hansae
* Hansol Chemical
* Hanssem
* Hanwha
* Hanwha Aerospace
* Hanwha Life
* Hanwha Ocean
* Hanwha Solutions
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* HD Hyundai
* HD Hyundai Electric
* HD Hyundai Heavy
* HD Hyundai Infracore
* HD KSOE
* HiteJinro
* HL Mando
* HMM
* Hotel Shilla
* Hybe
* Hyosung
* Hyosung Advanced Materials
* Hyosung TNC
* Hyundai Department Store
* Hyundai Elevator
* Hyundai E&C
* Hyundai Glovis
* Hyundai Marine & Fire
* Hyundai Mipo Dockyard
* Hyundai Mobis
* Hyundai Motor
* Hyundai Rotem
* Hyundai Steel
* Hyundai WIA
* Iljin Hysolus
* Industrial Bank of Korea
* IS Dongseo
* JB Financial Group
* Kakao
* KakaoBank
* KakaoPay
* Kangwon Land
* KB Financial
* KCC
* KEPCO
* KEPCO E&C
* KEPCO KPS
* KG Mobility
* KG Steel
* Kia
* Kiwoom Securities
* Kolmar Korea
* Kolon
* Korea Aerospace
* Korea Gas
* Korea Investment
* Korea Petrochemical
* Korea Zinc
* Korean Air
* Krafton
* KT
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* Kumho Tire
* Kumyang
* LG
* LG Chem
* LG Display
* LG Electronics
* LG Energy Solution
* LG H&H
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* LG Uplus
* LIG Nex1
* Lotte
* Lotte Chemical
* Lotte Chilsung
* Lotte Fine Chemical
* Lotte Energy Materials
* Lotte Shopping
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* Lotte Wellfood
* LS
* LS Electric
* LX International
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* Mirae Asset Securities
* Myoungshin
* Naver
* NCSoft
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* Ottogi
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* POSCO Future M
* POSCO International
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* Samsung Electro-Mechanics
* Samsung Electronics
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* Samsung Fire & Marine
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* Samsung Life
* Samsung SDI
* Samsung SDS
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* Samyang Foods
* SD Biosensor
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* Sebang
* Shinhan Financial
* Shinpoong
* Shinsegae
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* SK
* SK Biopharm
* SK Bioscience
* SK Chemical
* SK Hynix
* SK IE Technology
* SK Innovation
* SK Networks
* SK Square
* SK Telecom
* SKC
* SL
* S-Oil
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Authority control databases |

* ISNI

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