Hoban Group bought additional equity in Hanjin KAL, the holding company of Hanjin Group, narrowing the gap with the largest shareholder. According to last year's business report disclosed by Hanjin KAL on the 18th, the combined equity stake of related parties, including Hanjin Group Chairman Cho Won-tae, is 20.56%.
The gap with second-largest shareholder Hoban Group (18.78%) is 1.78 percentage points (p). The equity gap between the two sides was 2.23 p at the end of 2024, but narrowed by about 0.45 p over the year.
Hoban Group secured 17.43% equity in Hanjin KAL in 2022, becoming the second-largest shareholder. It then increased its holding to 18.46% last year. Hoban said the reason for acquiring the equity was a simple investment purpose.
Although the equity gap between Hoban Group and the chairman's side has narrowed, if including the stakes of Delta Air Lines (14.9%) and Korea Development Bank (10.58%), which are classified as friendly equity to the chairman, the gap between the two sides reaches 27.26 p.
In this business report, the National Pension Service was newly listed as a major shareholder of Hanjin KAL. The National Pension Service's equity stake is about 5.44%.