The Economic Effects of Huge Shipping Company - Hanjin Group’s Bankruptcies: Case Study on Hanjin Shipping Group (South Korea) Bankruptcy

Abstract

Hanjin’s bankruptcy was an influential event in the last few decades due to its position in the liner shipping industry as the previous 7th of world top shipping companies. As the bankruptcy happened, there were many changes in maritime field which gave quite a mount of effects to different aspects. What are the effects in both short term and long term those from this bankruptcy? What had happened after this bankruptcy? And what will happen in the future? In this research, it has developed a qualitative approach to find out the effects from Hanjin’s bankruptcy in both short term and long term time, and try to give some general points that for the huge shipping companies’ bankruptcy.