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Encyclopedia > Hanjin
Hanjin
Hangul 한진
Hanja 韓進
Revised Romanization Hanjin
McCune-Reischauer Hanjin

The Hanjin Group is a Korean conglomerate, or Chaebol. The group is a holding company that includes a shipping company, Hanjin Shipping (including Hanjin Logistics), and Korean Air (KAL), which was acquired in 1969. With its majority interest in the Senator Lines Hanjin-Senator is the seventh largest container transportation and shipping company in the world. Jamo redirects here. ... Hanja is the Korean name for Chinese characters. ... The Revised Romanization of Korean is the official Korean language romanization system in South Korea. ... McCune-Reischauer romanization is one of the two most widely used Korean language romanization systems, along with the Revised Romanization of Korean, which replaced (a modified) McCune-Reischauer as the official romanization system in South Korea in 2000. ... Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses. ... Chaebol is a South Korean form of business conglomerates. ... Hanjin Shipping Co. ... Korean Air (KSE: 003490) (Korean Air Daehan Hanggong) is the national flag carrier airline of Korea, with its global world headquarters located in Seoul, Korea. ... Senator Lines is a German based container transportation and shipping company headquarted in Bremen. ... Hanjin-Senator is achieved by combining the container fleets of Hanjin and Senator Lines, making Hanjin-Senator the seventh largest container shipping company in the world. ... Shipping containers at a terminal in Port Elizabeth, New Jersey. ...

Contents

History

Hanjin began at the end of World War II, on 1 November 1945. Early on its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all of the U.S. armed forces in Vietnam, including the Army, Navy, and Air Force. In November 1969, Hanjin made its entry in the containerized shipping business signing a deal with Sea Land Service, Inc. It opened its first container yard less than a year later, in September 1970, at the port of Pusan. Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki Tōjō Casualties Military dead: 17,000,000 Civilian dead: 33,000... is the 305th day of the year (306th in leap years) in the Gregorian calendar. ... Year 1945 (MCMXLV) was a common year starting on Monday (link will display the full calendar). ... The Army is the branch of the United States armed forces which has primary responsibility for land-based military operations. ... The US Eighth Army is the commanding formation of all US Army troops in South Korea. ... The United States Navy (USN) is the branch of the United States armed forces responsible for naval operations. ... Seal of the Air Force. ... Shipping containers at a terminal in Port Elizabeth, New Jersey. ... Pūsan is also a Vedic Hindu god. ...


The late seventies saw a major push into the Middle East with contracts signed with Kuwait at the port of Shuwaik (September 1977), and Saudi Arabia at the port of Dammam (March 1979), and at the port of Jeddah (May 1980). A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... Dammam Corniche Dammam (Also Damman or Ad Dammām) is the capital of the Ash Sharqiyah province in Saudi Arabia. ...


In March 1990 the company branched out into trucking and warehousing with the purchase of Korea Freight Transport Company. Two years later, in June 1992, the company started Hanjin Express to deliver small packages and provide courier service. The company started to load and unload cargo at the ports of Long Beach and Seattle with the joint venture Total Terminals Inc., in August 1992. In January 1993 they initiated container rail service between Pusan and Uiwang. In May 1995 the company hauled grain to North Korea. Nickname: Location within Los Angeles County in the state of California Coordinates: , Country State County Los Angeles County Government  - Mayor Bob Foster Area  - City  65. ... City nickname Emerald City City bird Great Blue Heron City flower Dahlia City mottos The City of Flowers The City of Goodwill City song Seattle, the Peerless City Mayor Greg Nickels County King County Area   - Total   - Land   - Water   - % water 369. ... Uiwang is a city in Gyeonggi Province, South Korea. ...


Tax litigation

In 1999, Hanjin Group paid the largest penalty tax ever levied in Korea to that time; 541.6 billion won ($445.8 million).[1] The Korea Herald even suggested that one of its three managing tycoons might be imprisoned after "prosecution on tax-evasion charges". Hanjin chairman Cho Yangho also stood trial for involvement in "illegal campaign funding" by paying minorities to do their work.[2] The Korea Herald is one of a handful of English-language newspapers in South Korea. ... Cho Yangho is the chairman and chief executive officer of Korean Air, one of Asias largest airlines and a founding member of SkyTeam Alliance, one of the worlds fastest growing airline alliances. ...


Listed Subsidiaries

  • Hanjin Heavy Industries & Construction (KSE: 003480)
  • Hanjin Shipping (KSE: 000700)
  • Hanjin Transportation (KSE: 002320)
  • Korea Airport Service (KSE: 005430)
  • Korean Air (KSE: 003490)
  • Meritz Investment Bank (KSE: 012420)

Korea Stock Exchange is the traditional stock market division of Korea Exchange. ... Hanjin Shipping Co. ... Korea Stock Exchange is the traditional stock market division of Korea Exchange. ... Korea Stock Exchange is the traditional stock market division of Korea Exchange. ... Korea Stock Exchange is the traditional stock market division of Korea Exchange. ... Korean Air (KSE: 003490) (Korean Air Daehan Hanggong) is the national flag carrier airline of Korea, with its global world headquarters located in Seoul, Korea. ... Korea Stock Exchange is the traditional stock market division of Korea Exchange. ... Korea Stock Exchange is the traditional stock market division of Korea Exchange. ...

Subsidiaries

  • Cyber Logitec
  • Meritz Fire & Marine Insurance
  • Hanil Country Club/Hanil Leisure
  • Hanjin Information System & Telecommunication
  • Hanjin Logistics
  • Hanjin Travel Service
  • Hankuk Aviation University
  • Inha University
  • Inha University Hospital
  • Jeongseok Education Foundation
  • Jeongseok Enterprise
  • KAL Catering
  • Keoyang Shipping
  • Korea Engineering Consultant
  • Korean French Banking
  • Senator Lines
  • TOPAS-Total Passenger Service System
  • TRAXON-Global Logistics System Korea

Inha University is a university in Incheon, South Korea. ... KAL Catering or Korean Air Catering is a catering company owned and operated by Korean Air. ... Senator Lines is a German based container transportation and shipping company headquarted in Bremen. ...

See also

Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organizations APEC, WTO and OECD Statistics [1] GDP ranking 10th by volume (at nominal) (2006); 11th by volume (at PPP) (2006); GDP (Nominal) $897. ... Hanjin Shipping Co. ... Korean Air (KSE: 003490) (Korean Air Daehan Hanggong) is the national flag carrier airline of Korea, with its global world headquarters located in Seoul, Korea. ...

External links

Company Main
  • Hanjin home page (Korean)
  • Hanjin home page (English)
  • Hanjin Shipping website
Group
  • Hanjin Transportation
  • Hanjin Travel Service
  • Korean Air Lines
  • Korea Airport Service
  • Hanjin Shipping
  • Hanjin Logistics
  • Keoyang Shipping
  • Hanjin Information System & Telecommunication
  • TRAXON-Global Logistics System Korea
  • TOPAS-Total Passenger Service System
  • Cyber Logitec
  • Hanjin Heavy Industries
  • Korea Engineering Consultant
  • Dongyang Fire & Marine Insurance
  • Korean French Banking
  • Inha University
  • Inha University Hospital
  • Hankuk Aviation University
  • Hanil Country Club/Hanil Leisure

  Results from FactBites:
 
Hanjin - Wikipedia, the free encyclopedia (419 words)
The Hanjin Group KSE: 002320 is a Korean conglomerate, or Chaebol.
Hanjin began at the end of World War II, on 1 November 1945.
Hanjin chairman Cho Yang-ho also stood trial for involvement in "illegal campaign funding" by paying minorities to do their work.
Port of Seattle: Port Inks Hanjin to Long-Term Lease (729 words)
Hanjin first came to Seattle in 1979, beginning with 10 acres of a shared container terminal on Harbor Island, and in 1986 Seattle was Hanjin's choice for its first dedicated port terminal.
Hanjin's expanded cargo operations means an increase of more than $83.5 million annually in area business revenue, a $13.5 million increase in local purchases, and more than $4.8 million in state and local taxes generated by the increase in cargo traffic through Hanjin's terminal.
"Hanjin's terminal is literally across the street from the rail lines, and their operation is already one of the most efficient cargo terminals on the waterfront.
  More results at FactBites »


 

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