Hoban Construction (Hoban Group) becomes the largest shareholder of Hanjin KAL, the holding company behind Korean Air, overtaking Hanjin Group Chairman Cho Won-tae and related parties. According to a regulatory filing reported by the outlets, Hoban and related parties hold a combined 13,814,053 common shares, representing a 20.69% stake in Hanjin KAL as of Wednesday.
The reports also describe how the change follows recent purchases and disclosures to South Korea’s Fair Trade Commission, with speculation about whether Hoban had surpassed Cho. One account notes that Cho and his related parties held 20.58% at the same time, and that they could potentially regain the largest-shareholder position after completing a planned purchase of 325,000 shares by Jan. 1 next year.
Across the coverage, the core focus stays on the shift in the ownership ranking inside Hanjin KAL and the timing of the next planned share acquisitions, while the Yonhap reports largely mirror the same development and details as presented in the filing.
