Right from the time it became apparent that Hyundai Merchant Marine was in trouble, through to Hanjin entering administration, there was always a nagging sense that it wasn’t just about the particular problems of the box shipping industry, but part of a wider problem undermining South Korean society. And by the day this sense has only increased. The country’s political system would appear to be on the verge of collapse, weighed down by decades of endemic corruption and cronyism that has undermined the president’s authority and led to mass protests. The head honchos from Hanjin, Samsung, Lotte, SK Group, Hyundai Motor Company and CJ Group will all be questioned.


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