South Korea moves to minimize disruption from shipper's woes

September 5, 2016 4:02 AM

18 0

SEOUL, South Korea – South Korea's financial regulator says financially troubled Hanjin Shipping Co. is seeking stay orders in dozens of countries to help minimize disruptions caused by its slide into bankruptcy proceedings.

The Financial Services Commission said Monday that Hanjin, the country's largest ocean container shipper, will seek bankruptcy protection in 43 countries, including Canada, Germany and Britain.

Also read: Abu Sayyaf attacks S. Korean ship, abducts skipper, crewman

Read more

To category page