SEOUL—All that remains of stricken Hanjin Shipping Co. will be liquidated, after a court order confirmed the demise of a former giant that helped drive South Korea’s economic rise but has finally succumbed to its ocean of debt. A Seoul court on Friday pulled the plug on the stricken firm, declaring it bankrupt and ordering the liquidation of a company that has led the country’s shipping industry for the past four decades but became...

Source: Wall Street Journal February 17, 2017 01:41 UTC