{
  "id": 19786078,
  "title": "[COVER STORY] Ownership battle over Korean Air fuels stock premium, volatility",
  "url": "https://urgent.news/2026/11/13/cover-story-ownership-battle-over-korean-air-fuels-stock-premium-19786078",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T09:37:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261113/cover-story-ownership-battle-over-korean-air-fuels-stock-premium-volatility"
  },
  "original_language": "en",
  "account": "The ownership battle between Korean Air's Hoban Group and Hanjin Group Chairman Cho Won-tae has become a volatile situation, as stock prices for Hanjin KAL soar and plummet, making it increasingly expensive for either side to maintain their dominant shareholder positions. Hoban Group became the largest shareholder on November 4, surpassing Cho and his affiliates' 20.58% stake with a 20.69% stake of their own. However, the stock's newfound volatility has only exacerbated the financial strain on both parties, who remain intent on accumulating shares in their fight for control.\n\nHoban Group now faces three potential strategies moving forward. The first option is to sell its stake in a block deal. By doing so, Hoban could negotiate with Cho during next year's annual shareholders meeting to halt further share purchases and gain a seat on Hanjin KAL's board. If a resolution is reached, this approach would likely provide some relief to the financial burden faced by both companies during this ongoing ownership dispute.",
  "summary": "Hoban Group is facing a strategic dilemma over its next move in its ongoing ownership battle with Hanjin Group Chairman Cho Won-tae, as sharp swings in Hanjin KAL’s stock make it increasingly costly for either side to keep buying shares to maintain the top shareholder position. Hoban became Hanjin KAL’s largest shareholder on Nov. 4 after increasing its stake to 20.69 percent, narrowly overtaking…",
  "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."
}