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|Headquarters||Seoul, South Korea|
| Cho yang-ho |
(CEO and Chairman)
|Subsidiaries|| Korean Air (KRX: 003490) |
Hanjin Shipping (KRX: 117930)
The Hanjin Group (Hangul : 한진 그룹; Hanja : 韓進 그룹; RR : Hanjin Geurup) is a South Korean conglomerate, or chaebol . The group is a holding company that includes a shipping company, Hanjin Shipping (including Hanjin Logistics), and Korean Air (KAL), which was acquired in 1969.
The Korean alphabet, known as Hangul, has been used to write the Korean language since its creation in the 15th century by King Sejong the Great. It may also be written as Hangeul following the standard Romanization.
Hanja is the Korean name for Chinese characters. More specifically, it refers to those Chinese characters borrowed from Chinese and incorporated into the Korean language with Korean pronunciation. Hanja-mal or Hanja-eo refers to words that can be written with Hanja, and hanmun refers to Classical Chinese writing, although "Hanja" is sometimes used loosely to encompass these other concepts. Because Hanja never underwent major reform, they are almost entirely identical to traditional Chinese and kyūjitai characters, though the stroke orders for some characters are slightly different. For example, the characters 教 and 研 are written as 敎 and 硏. Only a small number of Hanja characters are modified or unique to Korean. By contrast, many of the Chinese characters currently in use in Japan and Mainland China have been simplified, and contain fewer strokes than the corresponding Hanja characters.
The Revised Romanization of Korean is the official Korean language romanization system in South Korea proclaimed by the Ministry of Culture and Tourism to replace the older McCune–Reischauer system. The new system eliminates diacritics and apostrophes in favor of digraphs.
Hanjin started at the end of World War II, in November 1945. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all of the U.S. armed forces in Vietnam, including the Army, Navy, and Air Force. In November 1969, Hanjin made its entry into the containerized shipping business signing a deal with Sea-Land Service, Inc. In September 1970, the company opened its first container yard at the port of Busan.
World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945. The vast majority of the world's countries—including all the great powers—eventually formed two opposing military alliances: the Allies and the Axis. A state of total war emerged, directly involving more than 100 million people from over 30 countries. The major participants threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. World War II was the deadliest conflict in human history, marked by 50 to 85 million fatalities, most of whom were civilians in the Soviet Union and China. It included massacres, the genocide of the Holocaust, strategic bombing, premeditated death from starvation and disease, and the only use of nuclear weapons in war.
Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula. With an estimated 94.6 million inhabitants as of 2016, it is the 15th most populous country in the world. Vietnam is bordered by China to the north, Laos and Cambodia to the west, part of Thailand to the southwest, and the Philippines, Malaysia, and Indonesia across the South China Sea to the east and southeast. Its capital city has been Hanoi since the reunification of North and South Vietnam in 1976, while its most populous city is Ho Chi Minh City.
Busan, formerly known as Pusan and now officially Busan Metropolitan City, is South Korea's second most-populous city after Seoul, with a population of over 3.5 million inhabitants. It is the economic, cultural and educational center of southeastern Korea, with its port—Korea's busiest and the 9th-busiest in the world—only about 120 miles (190 km) from the Japanese islands of Kyushu and Honshu. The surrounding "Southeast Economic Zone" is now South Korea's largest industrial area.
The late 1970s saw a major push into the Middle East with contracts signed to Kuwait at the port of Shuwaik (September 1977), Saudi Arabia at the port of Dammam (March 1979), and at the port of Jeddah (May 1980).
The Middle East is a transcontinental region centered on Western Asia, Turkey, and Egypt. Saudi Arabia is geographically the largest Middle Eastern nation while Bahrain is the smallest. The corresponding adjective is Middle Eastern and the derived noun is Middle Easterner. The term has come into wider usage as a replacement of the term Near East beginning in the early 20th century.
Kuwait, officially the State of Kuwait, is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. As of 2016, Kuwait has a population of 4.5 million people: 1.3 million are Kuwaitis and 3.2 million are expatriates. Expatriates account for 70% of the population.
Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km2 (830,000 sq mi), Saudi Arabia is geographically the largest sovereign state in the Middle East, the second-largest in the Arab world, the fifth-largest in Asia, and the 12th-largest in the world. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast and Yemen to the south; it is separated from Israel and Egypt by the Gulf of Aqaba. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid desert, lowland and mountains. As of October 2018, the Saudi economy was the largest in the Middle East and the 18th largest in the world. Saudi Arabia also enjoys one of the world's youngest populations; 50% of its 33.4 million people are under 25 years old.
In March 1990, Hanjin branched out into trucking and warehousing with the purchase of Korea Freight Transport Company. In June 1992, Hanjin Express was introduced to deliver small packages and provide courier service. The company started to load and unload cargo at the ports of Long Beach and Seattle with the joint venture Total Terminals International LLC., in August 1992. In January 1993, they initiated container rail service between Pusan and Uiwang. In May 1995, Hanjin hauled grain to North Korea. The Hanjin-Senator once was the seventh largest container transportation and shipping company in the world (operations ceased February 2009).
Long Beach is a city on the Pacific Coast of the United States, within the Los Angeles metropolitan area of Southern California. As of 2010, its population was 462,257. It is the 39th most populous city in the United States and the 7th most populous in California. Long Beach is the second-largest city in the Los Angeles metropolitan area and the third largest in Southern California behind Los Angeles and San Diego. Long Beach is a charter city.
Seattle is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With an estimated 730,000 residents as of 2018, Seattle is the largest city in both the state of Washington and the Pacific Northwest region of North America. According to U.S. Census data released in 2018, the Seattle metropolitan area’s population stands at 3.87 million, and ranks as the 15th largest in the United States. In July 2013, it was the fastest-growing major city in the United States and remained in the Top 5 in May 2015 with an annual growth rate of 2.1%. In July 2016, Seattle was again the fastest-growing major U.S. city, with a 3.1% annual growth rate. Seattle is the northernmost large city in the United States.
Uiwang is a city in Gyeonggi Province, South Korea. It is one of many satellite cities that ring Seoul, making up the Seoul National Capital Area. Its largest immediate urban neighbor is Anyang. The low peaks of the Gwangju Mountains shape the local landscape.
After Hanjin's founder, Cho Choong-hoon, died in 2002, his eldest son, Cho Yang-ho, inherited KAL, when his third son, Cho Soo-ho, was handed Hanjin Shipping.Cho Soo-ho died from lung cancer in 2006 and his widow, Choi Eun-young, became the chairwoman of Hanjin Shipping in the following year. KAL acquired 33.2 percent of Hanjin Shipping in June 2014.
On August 31, 2016, Hanjin Shipping filed for bankruptcy. Hanjin Shipping's creditors withdrew their support after deeming a funding plan by parent company Hanjin inadequate.
Korean Air Lines Co., Ltd., operating as Korean Air, is the largest airline and flag carrier of South Korea based on fleet size, international destinations and international flights. The airline's global headquarters are located in Seoul, South Korea. Korean Air was founded as Korean National Airlines in 1946. After several years of service and expansion, the airline was fully privatized in 1969.
Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, and packaging services. It changed its name to Hyundai Glovis in June 2003.
Hyundai Engineering and Construction Co., Ltd. KRX: 000720 is a major construction company in South Korea. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company and was a major component of the Hyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999.
Kawasaki Kisen Kaisha, Ltd. is a Japanese transportation company. It owns a fleet that includes dry cargo ships, container ships, liquefied natural gas carriers, Ro-Ro ships, tankers and container terminals. It is the fourteenth largest container transportation and shipping company in the world.
CMA CGM S.A. is a French container transportation and shipping company. It is a leading worldwide shipping group, using 200 shipping routes between 420 ports in 150 different countries, ranking fourth behind Maersk Line, MSC and COSCO. Its headquarters are in Marseille, and its North American headquarters are in Norfolk, Virginia, United States.
Senator Lines was a German based container transportation and shipping company headquartered in Bremen. The company was formed in 1994 with the merger of DSR-Lines GmbH (Rostock) and Senator Linie GmbH & Co. KG (Bremen).
Cho Yang-ho is the chairman and chief executive officer of Korean Air, chairman of the Hanjin Group, and a founding member of SkyTeam alliance.
Hanjin Shipping Co., Ltd. was a South Korean integrated logistics and container transport company. Prior to its financial demise, Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity.
Lotte Logistics is a Korean logistics and shipping company headquartered in Seoul, Korea, established in 1988. It is a subsidiary of Lotte Corporation.
Hyundai Merchant Marine is the world's 14th largest container line in terms of vessel capacity. HMM, moves the largest portion of South Korea's exports, becoming the number one Korean national containers carrier, mainly since Hanjin service termination .
The Hanjin Venezia, formerly named the Cosco Busan, is a 275 m (902 ft) container ship. On 7 November 2007, it collided with the protective fender of the Delta Tower of the San Francisco–Oakland Bay Bridge in heavy fog. The collision sliced open two of its fuel tanks and led to the Cosco Busan oil spill in San Francisco Bay. She was renamed the Hanjin Venezia after the accident.
The Port of Yingkou is an international seaport in Yingkou, Liaoning, People's Republic of China. It is the second-largest port in northeast China and the tenth-largest nationwide. It includes two separate dockland areas, the Yingkou old port at the mouth of the Liao River, and the Bayuquan port located directly on Liaodong Bay on the Bohai Sea.
The Port of Qingdao is a seaport on the Yellow Sea in the vicinity of Qingdao, Shandong Province, People's Republic of China. It is one of the ten busiest ports in the world.
Korea Aerospace University is a private university in Goyang, Gyeonggi, South Korea. Established in 1952 as a national university, it was taken over by Jungseok Foundation established by Hanjin Group and transferred to a private university. The university — which encompasses most of the aerospace fields including Aerospace & Mechanical Engineering, Electronics, Telecommunications, Computer Engineering, Air Transportation and Logistics, Aeronautical Science & Flight Operation, and Air and Space Law — has been designated to take several national undertakings and collaborative research projects with prominent global corporations including GE, Airbus, PLANSEE since 2009.
Transport Corporation of India Limited is headquartered in Gurugram, Haryana, India. It was founded in 1958 by Mr. Prabhu Dayal Agarwal at Kolkata, India. TCI has 1400+ offices all across India with 6000+ employeess
International Transportation Service (ITS) is an American container terminal company that deals with the receipt and shipment of containerized cargo in domestic and foreign trade. ITS is owned by K Line.
The CONEX box was developed during the Korean War and was used to transport and store supplies during the Korean and Vietnam war. It was reinvented by Malcom McLean to form the standard Intermodal shipping container that is used widely by container shipping companies today.
APL Logistics Ltd. (APLL) is a wholly owned subsidiary of Kintetsu World Express, Inc. (KWE), a Japan-based freight forwarding and transportation company. As a global supply chain specialist, APL Logistics offers a comprehensive range of origin and destination services in more than 60 countries, serving the automotive, consumer, industrials, and retail verticals, as well as providing transportation as a service. Headquartered in Singapore, APL Logistics has locations across the globe.
Cho Won-tae, also known as Walter Cho, is a South Korean businessman. He has served as the president of Korean Air since 2017.