Corruption scandal sees Hanjin Shipping’s headquarters raided

Corruption scandal sees Hanjin Shipping’s headquarters raided

Seoul: A corruption scandal in Korea saw the offices of Hanjin Shipping raided today. Korean newswire Yonhap reports that investigators took documents and computer discs from the shipping line as well as Korean Air Lines and Hanjin Group.

Representative Moon Hee-sang, former head of the major opposition New Politics Alliance for Democracy, stands accused of asking Korean Air chairman Cho Yang-ho to offer a job to his brother-in-law in 2000. The relative was taken on at Bridge Warehouse, an American firm linked with Korean Air, where he received a $740,000 annual salary.

Moon belonged to a parliamentary committee overseeing the airline industry at the time, the prosecutors said, adding that Moon and Cho are high school alumni.

The Cho family set up the Hanjin Group which went on to establish the airline, the shipping line as well as a shipyard and a number of logistics companies.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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