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Hanjin Transport Group - Definition and Overview |
| Related Words: Abandon, Airlift, Ban, Banish, Bear, Bearing, Beatification, Blackball, Bliss, Buck, Carriage, Carrier |
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Hanjin Group is a Korean holding company and sixth largest company in Korea (1999) which has been described by the Korea Herald as a Chaebol. It includes a shipping company Hanjin Shipping and Korean Air (KAL).
Company interactions with the Korean legal system
In 1999, Hanjin Group paid the largest penalty tax ever levied in Korea to that time; 541.6 billion won ($445.8 million) [1] (http://www2.gol.com/users/coynerhm/government_crackdown_on__hanjin.htm). The Korean Herald even suggested that one of it's three managing Tycoons might be imprisoned due to "prosecution on tax-evasion charges". The chairman of Hanjin also stood trial for involvement in "illegal campaign funding"[2] (http://times.hankooki.com/lpage/nation/200404/kt2004041216125010510.htm)
See also
External link
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