Hanjin Shipping Holdings, which counts logistics and real estate amongst its activities, will spin off its shipping and brand management wings and unite them with the shipowner.
The union, which was first mooted in December, aims to enhance shareholder value through improved efficiency, it confirmed today in a regulatory disclosure.
Hanjin Shipping booked a loss of KRW 680.2bn ($631.62m) in 2013, slightly worse than the KRW 638bn reported for the previous year.
Its
