Focusing on the Transportation Business of Special Cargoes Such as Poisons and Chemical Products
[Asia Economy Reporter Minwoo Lee] Han Express, the owner of the logistics warehouse in Icheon-si, Gyeonggi Province, where a large-scale casualty occurred due to a fire accident on the 29th, is revealed to have nearly half of its shares held by Kim Seung-yeon's sister and nephew, who are related to Hanwha Group.
According to the Financial Supervisory Service's electronic disclosure on the 30th, the largest shareholder of Han Express is CEO Lee Seok-hwan, who holds 20.6% of the shares. CEO Lee is known to be the son of Kim Young-hye, the sister of Kim Seung-yeon, chairman of Hanwha Group. Until the end of last year, Ms. Kim was the largest shareholder with a 25.77% stake, but on February 24th, she sold 5.77% of her shares to Dongil Oil, making CEO Lee Seok-hwan the largest shareholder. Additionally, shares held by related parties such as Kim So-yeon (0.49%), Lee Ah-yoon (0.06%), and Lee Chae-yoon (0.05%) total 46.97%.
Han Express, a company listed on the KOSPI market, was an affiliate of Hanwha Group. After separating from the group in 1989, CEO Lee and Kim Young-hye became the largest shareholders in 2009 by purchasing 50.77% of shares from Taekyung Hwaseong, which was the largest shareholder of Han Express at the time, through an over-the-counter transaction worth 7.311 billion KRW.
Currently, the company operates in freight transportation, third-party logistics, and international logistics. Its main focus is on special cargo sectors such as toxic substances and chemical products. Major clients include Hanwha Solutions, Hanwha Total, Hanwha Solutions, and Hanwha Q CELLS, all affiliates of Hanwha.
Meanwhile, there are forecasts that Han Express's stock price may decline due to this fire. As of the closing price on the 29th, Han Express's stock rose 0.94% from the previous day to 4,855 KRW.
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