This week Hanjin, the world’s 7th-largest ocean carrier, failed to reach terms with its creditors, and started down the path to bankruptcy. The company’s primary creditor, who refused to renegotiate terms with the carrier, was the Korean Development Bank (KDB), a government agency in a country with a long history of intervening in the economy to support an export-led growth strategy.
Why would KDB suddenly allow a company that supports the activities of virtually all Korean exporters to fail in dramatic fashion? There must be more to this than meets the eye. Let’s investigate.
The shipper has a debt of $5.5b … and people complain about “free shipping”…. Any way, the South Korean government will decide to “bail out” a company or not, it will go bust if it doesn’t. Hanjin has been unprofitable for the last 4 years or so, global downturn is the reasons folks are tossing around.
Adafruit publishes a wide range of writing and video content, including interviews and reporting on the maker market and the wider technology world. Our standards page is intended as a guide to best practices that Adafruit uses, as well as an outline of the ethical standards Adafruit aspires to. While Adafruit is not an independent journalistic institution, Adafruit strives to be a fair, informative, and positive voice within the community – check it out here: adafruit.com/editorialstandards
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
