LA Observed
This South Korean company is causing a global shipping crisis
There are car parts, coffee tables, children's toys and paper products -- all sitting unpacked just outside the Port of Long Beach. And there's no telling when they’ll be unloaded.
By Kevin Roderick • • 3m ListenThere are car parts, coffee tables, children’s toys and paper products -- all sitting unpacked just outside the Port of Long Beach. And there's no telling when they'll be unloaded. The goods are being transported by the Hanjin Shipping Company -- one of the largest in the world -- which filed for bankruptcy last week here in the US and in its home nation of South Korea. What will the impact be on local workers and commerce, and the global economy?
