Photo courtesy of Yonhap News

 

 

[Alpha Biz= Paul Lee] Hoban Construction has further increased its stake in Hanjin KAL, reinforcing its position as the company’s second-largest shareholder.

According to Hanjin KAL’s annual report released on March 18, Hoban Construction’s ownership stood at 18.78% as of the end of last year, up 0.32 percentage points from the previous disclosure in May.

As a result, the gap with Chairman Cho Won-tae, the largest shareholder with a 20.56% stake, narrowed from 2.23 percentage points at the end of 2024 to 1.78 percentage points.

However, when including shares held by allies of Chairman Cho, the gap remains significant at 27.26 percentage points.

Meanwhile, the National Pension Service newly entered the list of major shareholders with a 5.44% stake.

 

 

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