Hanjin Group's chairman Cho Won-tae has won a power struggle with his sister to remain in control of the group, which owns the country's flag carrier Korean Air.
Cho secured over 56-percent of support at a meeting of shareholders of Hanjin KAL, the group's holding company, on Friday.
He fended off a leadership challenge from his sister, former Korean Air vice president Cho Hyun-ah.
All five people supported by Cho Won-tae were also chosen as outside board members.
South Korea's state pension fund, which has a 2.9 percent stake in Hanjin KAL, had said Thursday that it would vote in favor of Cho Won-tae.