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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,

sentifi.com

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