Hanjin

The Hanjin Group (Korean: 한진 그룹; Hanja: 韓進 그룹; RR: Hanjin Geurup) is a South Koreanchaebol. The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and is one of the largest chaebols in Korea. The group includes Korean Air (KAL), which was acquired by the founder in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before its bankruptcy. In 2013, Hanjin Group officially switched from cross ownership to a holding company structure with the establishment of Hanjin KAL Corporation. The group is controlled by descendants of Cho Choong-hoon, and many construction chaebols are the major shareholders of Hanjin KAL.