[Market Now] Korean Air’s Hanjin Shipping considers selling overseas assets
By Park Hyung-kiPublished : March 23, 2016 - 18:01
Hanjin Shipping, a listed subsidiary of Korean Air, said in its disclosure report Wednesday that it has been considering selling assets including the company’s office building in London and some of its overseas terminals in an effort to improve finances.
It added that the company will disclose further information in detail after it decides on the matter within six months.
This comes as the Korea Exchange demanded the listed Korean shipping company to verify rumors concerning the company’s asset sales. Korean Air, the country’s flag carrier, is the biggest shareholder with a 33 percent stake in Hanjin Shipping.
(hkp@heraldcorp.com)
