Hanjin Shipping, part of the Hanjin Chaebol which is also responsible for Korean Air, filed for bankruptcy last week.
At this moment, they have 16 trillion Won (14.5 billion USD) worth of cargo on their ships which are currently at risk of being seized by several countries.
Hanjin is preparing to take legal action.
Stay tuned in this exciting economical tragedy! Read more below by clicking on the link.