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[HANJIN CHAOS] Value of Hanjin Group stakes held by chief’s family rise

[THE INVESTOR]  The assets of the Cho family of the troubled Hanjin Group have increased to over 400 billion won (US$ 362 million) this year, data showed on Sept. 6.

The group operated by the Chos, in contrast, is facing liquidity shortages with key subsidiary Hanjin Shipping going under court receivership.

According to Chaebul.com, a website specializing in South Korean conglomerates, Hanjin Group Chairman Cho Yang-ho and members of his family hold 414.6 billion won worth of stocks in listed and unlisted subsidiaries of the group. 

Hanjin Group Chairman Cho Yang-ho
Hanjin Group Chairman Cho Yang-ho


Of the total, the shares of listed companies came to 324.8 billion won, up 41.8 billion won recorded on Jan. 4.

Assets of the chairman include 17.81 percent stake in Hanjin KAL, 1.7 percent in Korean Air, and 6.87 percent in Hanjin Transportation.

His son Cho Won-tae, and two daughters Cho Hyun-ah and Cho Hyun-min also hold between 2.48 percent and 2.49 percent stake in Hanjin KAL.

By Choi He-suk (cheesuk@heraldcorp.com)
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