Yonhap

Asian giant's chief apologizes for shipping chaos

The chairman of South Korea's Hanjin Group on Oct. 4 apologized for the "cargo chaos" caused by the collapse of its shipping unit, but insisted the company could, and should, be salvaged.

Hanjin Shipping, the world's seventh largest shipping company, is seeking bankruptcy protection at home and in the U.S. after creditors rejected its latest plan to deal with a $5.37 billion debt.

Bulgaria 'Ignoring N-Korea Illicit Real-Estate Deals'

North Korea has been generating hard currency through dealings in Bulgaria, Yonhap news agency says in a report.

Citing diplomatic sources, the agency says "real estate dealings in Bulgaria" done by Pyongyang have resulted in raising calls for Sofia to "intervene amid global efforts to choke off sources of revenue" for the North Korean regime.

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