{
  "id": 19033539,
  "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-19033539",
  "topic": "world",
  "section": "World",
  "published": "2026-11-08T22:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/companies/20261109/hobans-rise-gives-delta-more-leverage-in-hanjin-kal-power-battle"
  },
  "original_language": "en",
  "account": "Delta Air Lines is gaining increased influence in the ongoing power struggle surrounding Korean Air's holding company, Hanjin KAL, due to the rise of the Hoban Group as its largest shareholder. As of Wednesday, the Hoban Group and its affiliates held a 20.69 percent stake in Hanjin KAL, just narrowly ahead of Chairman Cho Won-tae and related parties with 20.58 percent. Cho has recently agreed to buy an additional 325,000 shares for 37.05 billion won ($27 million), potentially increasing his side's stake to 21.06 percent and re-establishing their position as the largest shareholder. Nevertheless, this evolving shareholding structure has underscored the significance of major shareholders outside the two rival factions. Delta currently owns a 14.9 percent stake in Hanjin KAL, while the state-run Korea Development Bank (KDB) holds 10.58 percent. With Cho's stake included, these three parties collectively hold approximately 46 percent of Hanjin KAL. If KDB is excluded from any future Korean Air deal due to its unique role as a public financial institution, Delta is emerging as an unexpected advantage for the renewed power struggle 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."
}