Company Information

Get to know Hanjin Shipping

Founded in 1977, Hanjin Shipping grew to become South Korea's largest container line and one of the top ten in the world. The company operated a fleet of approximately 150 containerships and bulk carriers, providing global logistics and shipping services across major trade lanes. At its peak, it was a member of the CKYHE shipping alliance. However, due to prolonged low freight rates, industry overcapacity, and accumulating debt, the company filed for court receivership in August 2016. After failing to secure a viable rehabilitation plan, the Seoul Central District Court declared Hanjin Shipping bankrupt on February 17, 2017, and ordered its complete liquidation. Its viable assets were sold off to competitors like SM Line and Korea Line.

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Hanjin Shipping

South Korea

Founded in

1949 (77 Years)

Founded

Last online: No recent activity

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.