South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

EDGAR SU

Judge Choi Ung-young, who serves as a court spokesman for media inquiries on the case, said a sale is possible in principle if it's deemed the best way to rehabilitate the company, but the court has yet to reach a decision.

The spokesman's comment came after Bloomberg reported earlier on Wednesday that the court has decided a sale of Hanjin Shipping is needed.

Hanjin, which filed for court receivership on Aug. 31, must submit a rehabilitation plan to the court in December.

(Reporting by Joyce Lee; Editing by Kenneth Maxwell)

TOP READS FROM THE FISCAL TIMES