Hanjin family plans share issue for capital increase in Hanjin KAL

© Mihail Ivanov

It’s all eerily familiar: with Hanjin’s financial difficulties showing no signs of abating, the family at the top of the company is planning to subscribe to a new share rights issue in a bid to bolster its coffers. Chairman Cho Yang-ho and six others, including Cho’s three children, will invest a total of W24.7bn ($21m) and will own 27.2% of Hanjin KAL, the holding company that owns both the line and the country’s major airline, Korean Air. It’s unlikely to ...