The
Hanjin Group (한진 그룹) is a
South KoreanSouth Korea, officially the Republic of Korea and often simply referred to as Korea, is a country in East Asia, located on the southern half of the Korean Peninsula. It is neighbored by China to the west, Japan to the east, and North Korea to the north. Its capital is Seoul, the second largest...
conglomerateA conglomerate is a combination of two or more companies engaged in entirely different businesses together into one overarching company . Conglomerates are often large...
, or
Jaebeol. The group is a holding company that includes a shipping company,
Hanjin ShippingHanjin Shipping Co., Ltd. is a global shipping company based in South Korea. It is a subsidiary of the Hanjin Group.Hanjin Shipping's subsidiaries include Hanjin Logistics, Keoyang Shipping, Senator Lines, and CyberLogitec. Hanjin Shipping currently transports over 100 million tons of cargo...
(including Hanjin Logistics), and
Korean AirKorean Air Lines Co., Ltd. , operating as Korean Air, is the largest airline of South Korea; its global headquarters are located in Seoul in Korea. Its international passenger division and related subsidiary cargo division together serve 130 cities in 45 countries, while its domestic division...
(KAL), which was acquired in 1969. With its majority interest in the
Senator LinesSenator Lines was a German based container transportation and shipping company headquartered in Bremen. The company was formed in 1994 with the merger of DSR-Lines GmbH and Senator Linie GmbH & Co. KG ....
,
Hanjin-SenatorHanjin-Senator was achieved by combining the container fleets of Hanjin Shipping and Senator Lines, making Hanjin-Senator the eighth largest container shipping company in the world...
is the seventh largest
containerContainerization is a system of intermodal freight transport using standard intermodal containers that are standardised by the International Organization for Standardization...
transportation and shipping company in the world.
History
Hanjin began at the end of
World War IIWorld War II, or the Second World War , was a global military conflict which involved a majority of the world's nations, including all great powers, organized into two opposing military alliances: the Allies and the Axis...
, on 1 November 1945. Early on its biggest customer was the U.S. Army, providing the transportation of material to both Korea and
VietnamVietnam , officially the Socialist Republic of Vietnam , is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea to the east...
. 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 into 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
BusanBusan Metropolitan City, also known as Pusan is the largest port city in South Korea and the fifth largest port in the world. Busan has a population of about 3.6 million. It is South Korea's second largest metropolis, after Seoul. The city is located on the Southeasternmost tip of the Korean...
.
The late seventies saw a major push into the
Middle EastThe Middle East is a region that spans southwestern Asia, southeastern Europe, and northeastern Africa. It has no clear boundaries, often used as a synonym to Near East, in opposition to Far East...
with contracts signed with
KuwaitThe State of Kuwait is a sovereign Arab emirate bordered by Saudi Arabia to the south and Iraq to the north and west. The greatest distance from north to south is 200 km and from east to west 170 km . The name is a diminutive of an Arabic word meaning "fortress built near water." It has a...
at the port of Shuwaik (September 1977),
Saudi ArabiaSaudi Arabia , is an Arab country and the largest country of the Arabian Peninsula. It is bordered by Jordan on the northwest, Iraq on the north and northeast, Kuwait, Qatar, Bahrain, and the United Arab Emirates on the east, Oman on the southeast, and Yemen on the south...
at the port of
DammamDammam is the capital of the Eastern Province of Saudi Arabia. Dammam is the largest city in the Eastern Province and third largest in Saudi Arabia after Riyadh and Jeddah. Dammam Port is the largest on the Persian Gulf...
(March 1979), and at the port of Jeddah (May 1980).
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 BeachLong Beach is a large city located in southern California, USA, on the Pacific coast. It is situated in Los Angeles County, about south of downtown Los Angeles. Long Beach borders Orange County on its southeast edge....
and Seattle with the joint venture Total Terminals Inc., in August 1992. In January 1993 they initiated container rail service between Pusan and
UiwangUiwang is a city in Gyeonggi Province, South Korea. It is one of many satellite cities that ring Seoul, making up the Seoul National Capital Area. Its largest immediate urban neighbor is Anyang...
. In May 1995 the company hauled grain to
North KoreaNorth Korea, officially the Democratic People's Republic of Korea , is a state in East Asia, occupying the northern half of the Korean Peninsula. Its capital and largest city is Pyongyang. The Korean Demilitarized Zone serves as the buffer area between North Korea and South Korea...
.
Listed subsidiaries
- Korean Air Lines Co.,LTD (KRX : 003490)
- Hanjin Shipping Co.,LTD (KRX : 000700)
- Hanjin Transportation Co.,LTD (KRX : 005430)
- Korea Airport Service Co.,LTD (KRX : 005430)
Subsidiaries
- JungSeok Enterprise Co.,Ltd
- Hanjin Travel Service Co.,Ltd
- Hanjin Information Systems & Telecomunication Co.,Ltd
- Total Paasenger Service System Co.,Ltd
- Jin Air Co.,Ltd
- KAL Hotel Network Co.,Ltd
- Air Total Service Co.,Ltd
- CyberSky Co.,Ltd
- Global Logistics System Korea Co.,Ltd
- Homeo Theraphy
- Hanjin SM
- Cyber Logitec Co.,Ltd
- Inha University
- Korea Aviation University
- Inha University Hospital
- Jungseok Education Foundation
- Il Woo Foundation
External links