Hanjin appoints new president and CEO

Tai Soo Suk will be officially appointed as Hanjin Shipping’s president and CEO after the board meeting and shareholders’ meeting in March 2014.

Hanjin Shipping has announced the appointment of its new president and CEO, Tai Soo Suk, with effect from 1 December 2013.

The appointment of Tai followed the resignation on 11 November of Young Min Kim, the company’s present president and CEO.

Hanjin Shipping said earlier that Young has resigned to take responsibility for the company’s continuing losses and delay on financial support from major creditor banks.

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