Hanjin Group chairman dodges arrest warrant

Hanjin Group chairman dodges arrest warrant

Corruption charges against Cho Yang-ho, the chairman of South Korea’s Hanjin Group, have been put on ice.

Cho had been accused of misappropriating funds to help renovate his house in downtown Seoul four years ago. Prosecutors however have declined to grant police investigators an arrest warrant, saying they will have to substantiate evidence if any warrant is to be granted.

Hanjin Group was the parent of now defunct Hanjin Shipping, which became the largest containerline bankruptcy in history last year.

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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