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Hanjin KAL’s KRW 66.3 Billion Treasury Share Transfer Under Scrutiny Over Possible Control Defense

Police are investigating whether Hanjin Group’s holding company, Hanjin KAL, transferred treasury shares worth approximately KRW 66.3 billion to an employee welfare fund to protect Chairman Cho…

  • KRW 66.3 billion treasury share transfer scrutinized for possible control defense.
  • Seoul Police search Hanjin KAL, suspect CEO Ryu Kyung-pyo in fiduciary duty breach.
  • Case compared to 1999 Kia Group precedent involving share transfers for control.

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