Hanjin boss crashes out of Winter Olympics

Hanjin Shipping’s sharp downhill financial performance of late has forced the chief organiser of South Korea’s 2018 Winter Olympics to crash out.

Cho Yang-ho, the chairman of the Hanjin Group, which controls Olympic sponsor Korean Air, announced his resignation in a statement released by the Pyeongchang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG). Cho said he had to focus on turning around Hanjin Shipping which is going through a major restructuring at the moment.

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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