Shumaker Manufacturing

A Legal & Industry Review

South Korea’s Hanjin Shipping Files For Bankruptcy Protection

According to the August 31, 2016 edition of the WSJ, South Korea’s Hanjin Shipping Co. filed for receivership under Korean law with the Seoul Central District Court. Hanjin is the world’s seventh-largest shipping line by capacity, whose largest creditor, Korea Development Bank, withdrew its funding support. Continue reading