The business handed directly to son Cho Yang-Ho in 2014, at which point the delivery business was already foundering, in line with Lee Ji-soo of the Law and Business Research Center in Seoul. Since then, the Hanjin Group has spent about 1.2 trillion gained ($1.07 billion) seeking to store the delivery enterprise.
Cho himself took manage of the shipping commercial enterprise from Choi Eun-Young, the widow of his more youthful brother Soo-Ho, who died in 2006.
“Without information or knowledge of the enterprise, Choi Eun-Young became appointed because the CEO best because she become a relative,” Lee Ji-soo said. “It is a normal chaebol tale.”
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