Hoban Group's Hanjin KAL stake purchases trigger South Korean merger review

By Jenny Lee ( November 3, 2026, 08:41 GMT | Insight) -- South Korean construction conglomerate Hoban Group has filed a merger notification with the country's antitrust regulator after increasing its stake in Hanjin KAL, the holding company of Korean Air, in a move that could make it the airline group's largest shareholder and potentially reignite a battle for corporate control. Hoban submitted the filing to the Korea Fair Trade Commission after purchasing additional Hanjin KAL shares on the open market, MLex was told, as the acquisitions may have pushed its holdings above those of Hanjin Group Chairman Cho Won-tae and his family.South Korean construction conglomerate Hoban Group has filed a merger notification with the country's antitrust regulator after increasing its stake in Hanjin KAL, the holding company of Korean Air, in a move that could make it the airline group's largest shareholder and potentially reignite a battle for corporate control....

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