Does Hanjin own Korean Air?
The primary entity formerly known as Hanjin Shipping Co. Ltd. no longer exists as an operating company. It was declared bankrupt by South Korean courts on February 17, 2017, following a massive financial collapse that triggered widespread global supply chain disruptions. At the time of its demise, it was the largest container transport bankruptcy in history, leaving massive amounts of freight stranded at ports around the world. While the shipping arm is defunct, the Hanjin Group—the larger conglomerate that oversaw the company—continues to exist and operate other subsidiaries, such as Korean Air. The "Hanjin" name remains associated with the surviving conglomerate, but the specific container shipping business that filed for bankruptcy has been liquidated and is no longer an active commercial enterprise.
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