Hanjin chair raises stake in Korean Air parent amid Hoban buildup

Hanjin Group Chair Walter Cho is tightening his grip on Hanjin KAL, the holding company of Korean Air, with fresh share purchases just as its second-largest shareholder, Hoban Group, has notified regulators that it may now hold the top stake. In a regulatory filing Monday, Hanjin KAL disclosed that Cho had agreed to buy 325,000 of its shares for 37 billion won ($28 million) via block trade between Dec. 3 and Jan. 1, citing a goal to strengthen responsible management. Once complete, the deal will