[Featured Stock] Hanjin Kal Surges Early on Chairman Cho Won-tae's Management Rights Defense

[Asia Economy Reporter Kum Boryeong] On the 27th, at the Hanjin KAL regular shareholders' meeting, Cho Won-tae, chairman of the Hanjin Group, succeeded in defending his management rights, leading Hanjin KAL to show strong performance in the early trading session on the 30th.

At 9:35 a.m. that day, Hanjin KAL recorded 70,000 won, up 22.38% (12,800 won) compared to the previous closing price.

At the Hanjin KAL shareholders' meeting held on the 27th, Chairman Cho was reappointed as an inside director with 56.67% of the total votes in favor. In contrast, the appointment proposals for director candidates from former Korean Air Vice President Cho Hyun-ah, who opposed Chairman Cho, private equity fund KCGI, and Bando Construction were all rejected.