Seoul Central District Court, or the Korean bankruptcy court handling rehabilitation proceedings of Hanjin Shipping Co., Ltd. (Hanjin Shipping) recently took several noteworthy measures. Pursuant to the Court's decision, the fate of Hanjin Shipping will not be unraveled until February next year. The upcoming dates and deadlines for extended time pursuant to the aforementioned decision are as follows: Some progress has been made in the rehabilitation proceedings as Hanjin Shipping's Asia- U.S. route assets have been taken over by Korea Line Corporation, a subsidiary of Samra Midas Group, on November 21, 2016 following appointment as preferred bidder on November 14, 2016. Korea Line Corporation had expressed intent to purchase Hanjin Shipping's 54% stake in Long Beach Terminal International LLC, but sale of the stake is subject to further discussions with Hanjin Shipping and Mediterranean Shipping Company S.A. with the remaining 46% stake in the target company.