Hanjin - updates

Rappler's latest stories on Hanjin

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Korean Air chief defeats 'nut rage' sister's challenge

Mar 27, 2020 - 6:30 PM

Cho Won-tae wins 56.67% support in a shareholder vote, defeating his sister, 'nut rage' heiress Cho Hyun-ah

Logos of Hanjin Group (L) and Korean Air (R) are seen on the headquarters building of Hanjin Group in Seoul on March 27, 2020. - The "nut rage" heiress who forced a plane to turn back over her macadamias and her activist shareholder allies failed on March 27 to wrest control of the family airline from her brother, in what analysts said illustrated the power of incumbents at South Korea's chaebols. (Photo by Jung Yeon-je / AFP)

'Nut rage' heiress takes on brother in South Korea succession feud

Mar 21, 2020 - 6:00 PM

Cho Hyun-ah, who made headlines worldwide as the 'nut rage' heiress, faces off against her brother for control of Korean Air

NEW ACCUSATION. In this file photo, former Korean Air executive Cho Hyun-Ah is surrounded by journalists after she received a suspended jail sentence and was freed by a Seoul appeals court in Seoul on May 22, 2015, after she had been jailed for a year in February for disrupting a flight in a rage over macadamia nuts. Photo by Jung Yeon-je/AFP

PH Navy wants harbor in Hanjin shipyard in Subic Bay

Feb 04, 2020 - 12:39 PM

None of the Navy's current harbors are deep enough for its new warships, and Hanjin shipyard has the right depth and an ideal location, says Navy chief Rear Admiral Giovanni Carlo Bacordo

IDEAL NAVAL BASE? The Hanjin Heavy Industries Corporation-Philippines facility in Subic Freeport. File photo from the HHIC-Phil website

Hanjin seen to get new investor by end of 2019

Aug 21, 2019 - 8:57 AM

A consortium of private US equity firm Cerberus Capital Management and Australian shipbuilder Austal informs SBMA and Hanjin creditors of its intention to take over the beleaguered shipyard

Hieronymus Ukkel / Shutterstock.com HAMBURG, GERMANY - MAY 21, 2017: Shipping containers of the South Korean container transport company HANJIN that was declared bankrupt by South Korean courts on February 17, 2017

RCBC exec denies Enrique Razon in talks for Hanjin takeover

Jun 25, 2019 - 10:05 PM

'I never met [Enrique Razon] so I don't know what he's talking about,' says an executive of RCBC

[ANALYSIS] A workers’ alternative for Hanjin

Jun 15, 2019 - 2:00 PM

It is time to consider workers’ control as a viable antidote for bankrupt private businesses and, more essential, for imagining a new peoples’ economy

Chinese firms 'hands off' Hanjin takeover – Board of Investments

Mar 14, 2019 - 8:40 PM

The remaining workers of Hanjin Heavy Industries and Construction Philippines are still in limbo

TAKEOVER? It is still uncertain whether foreign firms will takeover Hanjin. AFP file photo

DTI seeks Dutch shipbuilding firm investment

Mar 08, 2019 - 1:59 PM

While the Damen group has partnerships with local firms, it is currently not a player in the Philippines' shipbuilding industry

Philippines-SKorea-Hanjin-shipping, by Mynardo Macaraig Workers labour at the mammoth shipyard of Hanjin Heavy Industries and Construction-Philippines, the local arm of South Korea's Hanjin group in Subic Bay northwest of Manila on March 13, 2009. The shipyard has been criticised for its poor working conditions which have led to 19 fatalities in just three years. AFP PHOTO / JAY DIRECTO (Photo by JAY DIRECTO / AFP)

Hanjin workers mark 5th day of protest amid tight security

Mar 05, 2019 - 8:40 PM

The protest has prompted authorities to secure a Hanjin gate that the workers have been picketing at since March 1

100 Hanjin workers locked out of Subic shipyard

Mar 02, 2019 - 3:04 PM

The remaining workers who refused the cash-strapped Korean company's voluntary retrenchment package say they are barred from entering the shipyard

LOCKED OUT. File photo of Hanjin containers stacked up at a cargo terminal of Hanjin Shipping in Busan, South Korea.. Photo by YONHAP / AFP

DOLE to Hanjin: Return workers' money from training bond

Feb 19, 2019 - 8:45 PM

Workers are appealing that Hanjin Heavy Industries and Construction Philippines return to all of them the salary deductions meant for training

PROTEST. Workers from Hanjin Heavy Industries and Construction Corporation stage a protest outside the DOLE Central Luzon office in San Fernando, Pampanga while the tripartite dialogue is happening on February 19, 2019. Photo by Aika Rey/Rappler

Gov't to hold job fair for Hanjin workers in Subic

Jan 30, 2019 - 5:55 PM

The government says at least 1,000 jobs will be available for workers who were displaced due to Hanjin's bankruptcy

Philippines-SKorea-Hanjin-shipping, by Mynardo Macaraig Workers labour at the mammoth shipyard of Hanjin Heavy Industries and Construction-Philippines, the local arm of South Korea's Hanjin group in Subic Bay northwest of Manila on March 13, 2009. The shipyard has been criticised for its poor working conditions which have led to 19 fatalities in just three years. AFP PHOTO / JAY DIRECTO (Photo by JAY DIRECTO / AFP)

Sulu rejects Bangsamoro law | Evening wRap

Jan 24, 2019 - 8:05 PM

Watch Rappler’s evening newscast with Acor Arceo

Robredo warns against Chinese takeover of Hanjin shipyard

Jan 24, 2019 - 4:10 PM

Vice President Leni Robredo favors a government takeover of the Hanjin shipyard in Subic Bay so it can become a Philippine Navy base and boost security in the strategic area

WARNING VS CHINA. Vice President Leni Robredo is not supporting a Chinese firm's possible takeover of the debt-ridden Hanjin shipyard in Subic. File photo by OVP

Don’t let Chinese firm take over Hanjin shipyard – Trillanes

Jan 17, 2019 - 5:15 PM

Senator Antonio Trillanes IV says the Hanjin shipyard in Subic Bay is in a 'strategic defense location'

HANJIN SHIPYARD. The shipyard of Hanjin Heavy Industries & Construction Company, Ltd in Subic Bay, Zambales. Photo from the Facebook page of HHIC PHILS Hanjin Heavy Industries & Construction Co., Ltd.

Hanjin recovery 'uncertain' – Fitch Ratings

Jan 16, 2019 - 7:20 PM

Fitch Ratings says the rehabilitation plan for Hanjin Heavy Industries and Construction Philippines may take time to execute

DOUBTS. Fitch Ratings says Hanjin's recovery is uncertain. AFP photo

Duterte 'receptive' to gov’t takeover of Hanjin's Subic shipyard

Jan 16, 2019 - 1:27 PM

'We see the possiblility of having our own shipbuilding capacity in the Philippines, especially large ships like what is being built by Hanjin shipyard in Subic,' says Defense Secretary Delfin Lorenzana

HANJIN ACCIDENT. The Hanjin Heavy Industries Corporations-Philippines facility in Subic Freeport. File photo from the HHIC-Phil website

DOLE to assist 3,800 Hanjin workers

Jan 15, 2019 - 9:43 PM

Labor Secretary Silvestre Bello III says Hanjin workers will be receiving separation pay, and will be profiled to see if they can get jobs in government projects

AID. The labor department will be assisting thousands of Hanjin workers after the South Korean shipbuilder went bankrupt. Photo from HHIC-Phil website

Hanjin crisis threatens banks' credit ratings – Moody's

Jan 15, 2019 - 5:15 PM

(UPDATED) Debt watcher Moody's says the loan exposure of 5 Philippine banks is a credit negative and will drive credit costs higher

Banks downplay Hanjin crisis impact

Jan 14, 2019 - 3:10 PM

The Bangko Sentral ng Pilipinas says the total exposure caused by the bankruptcy of Hanjin Heavy Industries and Construction Philippines is only 0.24% of all loans in the country's banking system

Labor group pushes for policy review after Hanjin bankruptcy

Jan 13, 2019 - 1:25 PM

Hanjin Heavy Industries and Construction Corporation, which filed for bankruptcy, owes $400 million to local banks and another $900 million to South Korean lenders

Second worker in fatal Hanjin shipyard accident dies

May 21, 2018 - 7:46 AM

Both the Department of Labor and Employment (DOLE) and the Subic Bay Metropolitan Authority (SBMA) issue suspension orders to Binictican I-Tech, Hanjin's subcontractor, following the accident

HANJIN ACCIDENT. The Hanjin Heavy Industries Corporations-Philippines facility in Subic Freeport. File photo from the HHIC-Phil website

Police seek arrest of Korean Air nut rage sister on juice charges

May 04, 2018 - 3:21 PM

The Gangseo police station in Seoul says Cho Hyun-min, the daughter of Hanjin Group and Korean Air chairman Cho Yang-ho, is accused of assault and obstruction of business

KOREAN AIR. A Boeing 747 of Korean Air plane parks at the gate at Los Angeles International Airport (LAX)on March 5, 2018. Photo by Daniel SLIM/AFP

South Korean industry titans harangued in scandal probe

Dec 06, 2016 - 9:27 AM

UPDATED The publicity shy heads of the South s 8 largest conglomerates are grilled relentlessly over donations made to dubious foundations controlled by Choi Soo Sil a close friend of President Park Geun Hye

FACING PROBE. (L-R) SK Group chairman Chey Tae-Won, Samsung Group's heir-apparent Lee Jae-Yong and Lotte Group Chairman Shin Dong-Bin take an oath during a parliamentary probe into a scandal engulfing President Park Geun-Hye at the National Assembly in Seoul on December 6, 2016. Jung Yeon-Je/Pool/AFP

Scandal hearings put South Korea tycoons in hot seat

Dec 05, 2016 - 7:08 PM

The powerful heads of family run conglomerates or chaebols such as Samsung and Hyundai will be among those testifying before a parliamentary investigation ahead of an impeachment vote to remove the president

HEARINGS BEGIN. National Security Office chief Kim Kwan-Jin (L) and other presidential aides take an oath during a hearing on South Korean President Park Geun-Hye's corruption scandal at the National Assembly in Seoul on December 5, 2016. Yonhap/AFP

Hanjin to spend $90M to ease shipping crisis

Sep 06, 2016 - 1:34 PM

South Korea s Hanjin Group says it will provide its debt ridden shipping unit with 100 billion won 90 4 million to help ease huge disruptions to global maritime freight

This picture taken on September 3, 2016 shows a general view of the Hanjin Incheon Container Terminal in Seoul. Ed Jones/AFP

Drowning Hanjin not alone among global shippers – analyst

Sep 04, 2016 - 1:02 PM

The long running global economic downturn has left the shipping industry drowning in excess capacity

BANKRUPT. This file photograph taken on April 12, 2013 shows one of South Korean Hanjin shipping vessel (R) entering the port in Singapore. Roslan Rahman/AFP

Marooned Hanjin vessels spark shipping crisis

Sep 02, 2016 - 1:40 PM

Hanjin s vessels sailors and cargo are stuck in a maritime limbo as ports wary they will not be paid for their services refuse to let them dock as well as refusing to handle or free cargo already landed

HANJIN'S TROUBLES. This picture taken on September 1, 2016 shows Hanjin containers stacked up at a cargo terminal of Hanjin Shipping in the southeastern port city of Busan. Photo by YONHAP / AFP

South Korea's head of 2018 Winter Olympics resigns

May 03, 2016 - 2:22 PM

Cho Yang Ho the chairman of Hanjin Group and Korean Air resigned with immediate effect due to the critical financial issues facing Hanjin Shipping

In this file photo, Cho Yang-ho speaks during a press conference in Seoul, South Korea, February 3, 2016. YNA/EPA

Marina mulls fiscal perks for domestic shipbuilders

Sep 02, 2015 - 7:35 AM

With the incentives program the government hopes that the Philippines will soon be the largest shipbuilding nation in the world

MORE PERKS. The Philippines' Maritime Industry Authority (MARINA) mulls fiscal incentives for companies catering to domestic shipbuilding. Background photo from Hanjin website

Arrest warrant sought for S. Korea 'nut rage' heiress

Dec 24, 2014 - 3:07 PM

Korean Air heiress Cho Hyun Ah faces charges including violation of the aviation safety law coercion and interference in the execution of duty

Cho Hyun-Ah, the eldest daughter of Korean Air Chairman Cho Yang-Ho and former vice president of the airline company, appears at the Aviation and Railway Accident Investigation Board in western Seoul, South Korea, 12 December 2014. File photo by Kim Chul-Soo/EPA

Security tightens at Hanjin shipyard over workers' drug use

Oct 06, 2014 - 9:27 PM

A consultant of the Korean shipbuilder at the Subic Freeport denies workers claim that they use illegal drugs to stay awake during 24 hour shifts that they are made to take

HHIC-PHILS. The Hanjin Heavy Industries Corporations-Philippines facility in Subic Freeport. File photo from the HHIC-Phil website

Another Hanjin worker killed at Subic shipyard accident

Sep 12, 2014 - 3:55 PM

The latest casualty is said to be the 38th worker killed in an accident at the Korean shipbuilder s shipyard since 2006

HHIC-PHILS. The Hanjin Heavy Industries Corporations-Philippines facility in Subic Freeport. File photo from the HHIC-Phil website

Workers find ways: The ship builder

Sep 15, 2013 - 7:30 AM

A ship builder speaks out on workplace safety

SAFETY. Marste speaks out about safety in the workplace. Photo by Daniel Rudin/Rappler