Hanjin Shipping could be declared bankrupt today, marking the end of the company’s 40-year history, Korean media report.
The liner company is expected to succumb to its snowballing debt as the Seoul Central District Court will appoint a trustee to lead the sale of Hanjin’s assets, the Korea Times reported.
Most pages on Hanjin’s website have been removed, adding to the speculation that the company's bankruptcy is imminent.
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