Hoban Group Raises Hanjin Kal Stake to 20.15%, Narrowing Gap with Chairman Jo to 0.41%

According to E-Daily, Hoban Group's stake in South Korean airline holding company Hanjin Kal (180640) increased to 20.15% on July 16, with the investment spread across four subsidiaries. The group has now narrowed its shareholding gap with chairman Jo Won-tae and related parties, who hold 20.56%, to just 0.41 percentage points.

Over 44 months, Hoban has invested approximately 878 billion Korean won in Hanjin Kal, with the stake's current market value nearing 1.8 trillion won. While Hoban officially classifies the investment as "simple investment" in regulatory filings, market analysts speculate the moves signal interest in entering the aviation sector, particularly ahead of Korean Air's scheduled merger with Asiana Airlines in December.