Hanjin’s transformation

While Hanjin’s container and bulk shipping business continues to show growth, the company has recognised the need to implement a corporate governance system that will enable the company to cope with the rapidly changing business environment and secure its future-oriented corporate structure for sustainable growth.

According to the company, the transformation into a holding company will provide Hanjin Shipping with the tools necessary to ensure an independent business operation and corporate transparency.

The transformation is also expected to allow its subsidiaries to focus on the core business through an independent/optimised strategy and distribution of its business resources. Furthermore, the separation of the investment and corporate governance function from the main shipping business is expected to strengthen risk management capacity.