{
  "id": 19778756,
  "title": "Hoban's Hanjin KAL stake gains $822 million in Nov. amid sharp share price swings",
  "url": "https://urgent.news/2026/11/13/hobans-hanjin-kal-stake-gains-822-million-in-nov-amid-sharp-share-19778756",
  "topic": "world",
  "section": "World",
  "published": "2026-11-13T08:27:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261113/hobans-hanjin-kal-stake-gains-822-million-in-nov-amid-sharp-share-price-swings"
  },
  "original_language": "en",
  "account": "Hoban Group's investment in Hanjin KAL, a subsidiary of the Hanjin Group, saw its market value surge by approximately $822 million in November, despite experiencing significant fluctuations in share prices. The total value of Hoban's stake increased by around 265.2 billion won from November 4, the day Hoban was identified as the company's largest shareholder. Initially, Hoban became Hanjin KAL's second-largest shareholder in 2022 and gradually expanded its holdings until it surpassed the shareholding of Hanjin Group Chairman Cho Won-tae and his affiliated parties.\n\nOn November 4, Hoban and its affiliated entities owned 13,814,053 common shares, or 20.69 percent, of the company's outstanding shares, narrowly surpassing Cho's bloc with a stake of 20.58 percent. Throughout November, Hanjin KAL shares experienced a remarkable surge, rising from 123,900 won on October 30 to 184,300 won on November 4, marking a 92.9 percent increase from October's last closing price. However, profit-taking led to a sharp decline in the stock price, with a 14.64 percent drop on Wednesday and an additional 0.49 percent on Thursday. The stock price recovered slightly with a 0.25 percent increase on Friday, closing at 203,500 won. Assuming Hoban's shareholding disclosed at the time remained unchanged, the value of their investment in Hanjin KAL would be approximately $2.8 billion.",
  "summary": "Hoban Group’s stake in Hanjin KAL, the holding company of Hanjin Group, gained an estimated 1.1 trillion won ($822 million) in market value this month through Friday, despite sharp share price swings. Its value also rose by about 265.2 billion won from Nov. 4, when Hoban was disclosed as the company’s largest shareholder. Hoban emerged as Hanjin KAL’s second-largest shareholder in 2022 and…",
  "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."
}