Hanjin Group sheds biggest in market cap from shipping affiliate's downfall
Sept 1, 2016
Hanjin Group, whose shipping affiliate filed for court receivership this week, fell five notches in market capitalization rankings this year among the top 30 listed conglomerates, according to the Korea Exchange on Thursday.The group, whose businesses range from hotel operations to flag carrier, had 4.39 trillion won ($3.98 billion) in market cap as of Wednesday, shedding 274.2 billion won. The loss put the group at No. 28 in the rankings, down from No. 23 at the end of last year.The conglomerat