Whilst this may seem tangential to Acumen, the background and implications are troublesome.
A robust economy would not thriw up such challenges. The flow on effects through the supply chain are widespread. And the refusal of the Korean Government to assist is a major policy change.
Hanjin Shipping Co Ltd’s banks are halting support for the South Korean company, its lead creditor said, making it likely South Korea’s largest shipper (and the worlds 7th largest) is headed for bankruptcy as it is dragged down by a deep global industry downturn.… Read more