Hanjin went into receivership and applied for court protection. No private investor or the Korean government to come to the rescue Fellow shipping giant Maersk, earlier this month revealed a US$1 ...

As South Korea’s parcel delivery race heats up, logistics firms are rushing to offer faster and cheaper service—even at the risk of burning out. CU, a major convenience store chain, is the latest to ...

Ever since South Korea’s Hanjin Shipping filed for bankruptcy protection on August 31, there has been trouble at sea. Currently, around 85 Hanjin vessels remain in maritime limbo, turned away from ...

Hanjin Shipping said it filed with its main creditor, the Korea Development Bank (KDB), for the restructuring program. Hit by falling freight rates amid the global economic slump and high ship ...

Saudi Aramco, a Saudi Arabian state oil and natural gas company, will buy Hanjin Group's entire stake in Korea's third largest refiner S-Oil, the company said Friday. Currently, Aramco ...

Korean Air and Hanjin Group chairman and Chief Executive Officer Walter Cho said the deal will help the South Korean airline expedite its fleet-renewal program and support its expansion after ...

Boeing and Korean Air finalized a landmark order for up to 50 widebody airplanes, including 20 777-9s, 20 787-10s, and ...

1899 -- Telephone service becomes available in Seoul for the first time. 1970 -- Thirty-three people are crushed to death when an apartment building collapses in Seoul. 1980 -- South Korea launches ...