Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
3
Wealthy parents ditch Korean passports to get kids into international school
-
4
First snow to fall in Seoul on Wednesday
-
5
Man convicted after binge eating to avoid military service
-
6
S. Korea not to attend Sado mine memorial: foreign ministry
-
7
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
8
[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
-
9
BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
-
10
Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
[THE INVESTOR] Five ships operated by Hanjin Shipping have been seized after the shipping company was put under court receivership in September, industry sources said on Nov. 4.
According to the sources, the Hanjin China cargo ship was seized in Shanghai on Nov. 3 after unloading its cargo, as Hanjin Shipping failed to pay its terminal service fee estimated at 1 billion won (US$875,000). The ship had planned to return to Busan.
Consequently, a total of five Hanjin ships have been seized, as the embattled shipper has failed to meet payments. The other four were seized in Singapore in August, in Canada in September and in South Korea in October.
Hanjin Shipping was put under court receivership in early September as its creditors, led by the state-run Korea Development Bank, rejected its last self-rescue package worth 500 billion won (US$440 million), which fell short of the 700 billion won demanded.
(theinvestor@heraldcorp.com)
According to the sources, the Hanjin China cargo ship was seized in Shanghai on Nov. 3 after unloading its cargo, as Hanjin Shipping failed to pay its terminal service fee estimated at 1 billion won (US$875,000). The ship had planned to return to Busan.
Consequently, a total of five Hanjin ships have been seized, as the embattled shipper has failed to meet payments. The other four were seized in Singapore in August, in Canada in September and in South Korea in October.
Hanjin Shipping was put under court receivership in early September as its creditors, led by the state-run Korea Development Bank, rejected its last self-rescue package worth 500 billion won (US$440 million), which fell short of the 700 billion won demanded.
(theinvestor@heraldcorp.com)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
