Hanjin KAL Corp.

Hanjin KAL Corp.

Founded in 2013, Hanjin KAL Corp. operates as a diversified holding company, offering a wide array of services in investment, management consulting, licensing, real estate rental business, tourism, hotel operation, and more. The company emerged as a holding entity in August 2013, following the restructuring of the Hanjin Group. Notably, the establishment of Hanjin KAL led to a division of responsibilities, with Korean Air focusing on air transport, aerospace, in-flight meal service and shopping, and limousine services, while Hanjin KAL took charge of investment-related activities.

The adoption of a holding company structure has enabled Hanjin KAL to enhance transparency in corporate governance, thereby increasing its market value. The company maintains eight subsidiary entities, including Korean Air, Hanjin Transportation Co., Ltd., Jin Air, KAL Hotel Network, JungSeok Enterprise Co., Ltd., TOPAS, Hanjin Travel, and Jedong Leisure, positioning itself as a prominent player in various sectors.

Hanjin KAL's main revenue streams stem from trademark rights, real estate rentals, and dividends from its shares. It prides itself on respecting the autonomy of its subsidiaries and facilitating their responsible management through an efficient and transparent corporate governance structure.

The latest noteworthy investment in Hanjin KAL occurred in December 2022, with a post-IPO secondary investment of KRW125.90B led by Pan Ocean.