CompaniesHanjin-KAL fends off activist fund’s challenge over directors
KCGI vows to continue challenging chaebol's board
Suk Tae-soo, CEO of Hanjin-KAL, retained his position on the board despite accusations that he had supported heavily indebted Hanjin Shipping, which eventually collapsed. © EPA/Yonhap/Jiji
KIM JAEWON, Nikkei staff writer
SEOUL -- Hanjin-KAL on Thursday fought off an attempt by a leading shareholder to unseat a director close to the South Korean conglomerate's controversial chairman, who earlier this week was ousted from the group's Korean Air Lines after being indicted for embezzling corporate funds.