Hanjin KAL Shareholders Meeting Delayed Over 2 Hours... "Checking Duplicate Proxies, etc."

On the 27th, Chaeybae, a member of the Minsaeng Party, is entering the general meeting venue after concluding a press conference urging the passage of the agenda for improving Hanjin KAL's corporate governance, held at the main building of Hanjin Building in Jung-gu, Seoul, ahead of attending the 'Hanjin KAL 7th Regular General Shareholders' Meeting.' Photo by Kang Jinhyung aymsdream@

[Asia Economy Reporter Yoo Je-hoon] The opening of the 7th regular shareholders' meeting of Hanjin KAL, which is crucial for the fate of Hanjin Group, has been delayed for over two hours.

According to Hanjin Group on the 27th, Hanjin KAL originally planned to hold the 7th regular shareholders' meeting at 9 a.m. at the Hanjin Building in Sogong-dong, Jung-gu, Seoul. However, due to issues with the proxy voting forms, the delay continued until 11 a.m. As the delay persisted, Hanjin KAL notified shareholders of the situation and provided simple refreshments.

According to Hanjin KAL, a considerable number of shareholders submitted duplicate proxy forms to both parties. A Hanjin KAL official explained, "Upon reviewing the proxy forms, we found many duplicates, and it is taking time to verify and input them into the system."

Meanwhile, it is reported that Cho Won-tae, Chairman of Hanjin Group, Kang Sung-boo, CEO of KCGI, and Cho Hyun-ah, former Vice President of Korean Air, did not attend the shareholders' meeting.

This content was produced with the assistance of AI translation services.