Five separate bids have been filed for Hanjin Shipping's Asia-US business.
Compatriot Hyundai Merchant Marine is among those seeking to takeover the business, Bloomberg reports.
"The real issue will be the price and how one evaluates intangible assets," said Ma Ji-hwang, a senior researcher at Hana Institute of told the newswire.
"That's why the due diligence process will be important to shed light on what assets will be available in the sale.
