Independent journal on economy and transport policy
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Dimissionario the president and managing director of Hanjin Shipping
the decision is motivated by the continuous losses of the society and by the delays in the support financial of the main banks creditors
November 11, 2013
With a concise official notice the South Korean shipowning society Hanjin Shipping has announced that the president and managing director Young Min Kim are from today dimissionario. The telegraphic specific text but that the decision to leave the assignments is induced "by the assumption of the responsibility of the continuous losses of the society and the delays in the support financial of the main banks creditors".
Hanjin Shipping has specified that the society has decided to accept its resignation and to look for an adequate substitute waiting for which Young Min Kim, that he is president and managing director of the company from 2009, will continue to cover such assignments until the nomination of the new president and CEO.
We remember that Hanjin Shipping has archived item the first semester of this year with a consisting reduction of the net loss that is come down to -115,2 billion won regarding -339,6 billion won in the first half of 2012 ( on 9 August 2013).
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