[COVER STORY] Hoban's insatiable appetite: Group founder targets Korean Air

Kim Sang-yeol, the founder of Hoban Group, has increased his stake in Hanjin KAL, the parent company of Korean Air, to nearly equal that of the airline's controlling shareholder. This move puts Kim in a position to challenge the balance of power at Korea's flagship carrier. The significance of this development lies in its potential impact on the airline's management and decision-making processes, which could have far-reaching consequences for the Korean economy and markets.

Why it matters

Hoban Group's investment in Korean Air may lead to changes in the company's management. This could potentially impact the Korean economy, but the direction is unclear.

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