You are here

Hanjin CEO quits after debt-laden firm suffers losses

Line battling global overcapacity and slump in cargo rates

[SINGAPORE] Hanjin Shipping Co's chief executive officer Kim Young Min resigned, taking responsibility for two successive years of losses at South Korea's largest shipping group and a delay in getting financial support from creditors.

Mr Kim, 58, will stay until a replacement is found,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes