{
  "id": 19030834,
  "title": "Hoban's rise gives Delta more leverage in Hanjin KAL power battle",
  "url": "https://urgent.news/2026/11/08/hobans-rise-gives-delta-more-leverage-in-hanjin-kal-power-battle",
  "topic": "world",
  "section": "World",
  "published": "2026-11-08T22:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261109/hobans-rise-gives-delta-more-leverage-in-hanjin-kal-power-battle"
  },
  "original_language": "en",
  "account": "The rise of the Hoban Group as Hanjin KAL's largest shareholder is providing Delta Air Lines with increased influence in the ongoing struggle for control over Korean Air's holding company, with Chairman Cho Won-tae striving to maintain his position. As per Wednesday's data, Hoban and its subsidiaries own 20.69 percent of Hanjin KAL, narrowly edging out Cho and affiliated parties who hold 20.58 percent. Cho has pledged to buy an additional 325,000 shares, valued at 37.05 billion won ($27 million), which could elevate his stake to 21.06 percent and reassert his dominance. Nevertheless, the more intertwined shareholding arrangement has underscored the significance of major shareholders outside the two competing factions. Delta holds a 14.9 percent stake in Hanjin KAL, while the state-owned Korea Development Bank (KDB) owns 10.58 percent. When combined with Cho's holding, the three entities collectively command roughly 46 percent of Hanjin KAL. If the involvement of KDB in prospective Korean Air transactions is excluded due to its distinctive role as a public financial institution, Delta is emerging as an unforeseen victor in the resurging power conflict between Cho and Ho.",
  "summary": "Hoban Group’s rise as Hanjin KAL’s largest shareholder is giving Delta Air Lines greater leverage in the power struggle over Korean Air’s holding company as Chairman Cho Won-tae seeks to retain control. Hoban and its affiliates held a 20.69 percent stake in Hanjin KAL as of Wednesday, narrowly surpassing Cho and related parties at 20.58 percent. Cho has agreed to purchase another 325,000 shares…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}