src="/files/fa/news/es/Thumbnails/f0904c92-f193-4447-99cf-12e77709e274_260_199.jpg' class='img_convert' title='Hanjin Shipping Bankruptcy Declares on Feb. 17' alt='Hanjin Shipping Bankruptcy Declares on Feb. 17'>
According to MANA, the Seoul Central District Court said in a statement that it made the decision as the firm's liquidation value would be worth more than its value as a going concern.
Hanjin Shipping, which had been the world's seventh-largest container shipper, applied for court receivership in late August after its creditor banks halted further support.
Swiss shipping group MSC said on Wednesday its unit has bought a stake in Hanjin Shipping's U.S. port operator, the latest Hanjin asset to be sold.