SEOUL -- Activist investor Korea Corporate Governance Improvement announced on Monday it has raised its stake in Hanjin-KAL to 13.47%, setting the stage for an ownership battle over the country's largest transportation conglomerate following the death of its Chairman Cho Yang-ho on Sunday.
Companies
Activist fund reveals stake increase after Hanjin-KAL chairman dies
Korea Corporate Governance Improvement ready to contest conglomerate ownership
The death of Hanjin-KAL Chairman Cho Yang-ho raises questions over the inheritance of his 17.84% stake in South Korea's biggest transportation conglomerate. (Photo courtesy of Korean Air)
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