Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cho family feud ignites

Article-Cho family feud ignites

Cho family feud ignites

Seoul: The Cho family continue to bicker between themselves over who owns what of the Hanjin empire, founded by the late Cho Joong-hoon. Sons of the founder of the Hanjin Group again filed suit against each other yesterday. Mr Cho's second son, Nam-ho, chairman of Hanjin Heavy Industries Co, and the fourth son, Jung-ho, chairman of Mertiz Securities Co, filed a petition with a Seoul court yesterday seeking a total of 6bn won ($6.2m) in damages from their older brother, Yang-ho, who is the chairman of Korean Air and the Hanjin Group, and Won Jong-seung, a senior official of the group. The dispute this time centres around duty free goods onboard Korean Air flights. Family feuding is the reason Hanjin Shipping never orders ships at Hanjin Heavy Industries.  [10.08.06]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.