The funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving, said Daniel Yoo, head of global wealth management at Kiwoom Securities.
"Hanjin Group is now going to raise $90 million to fund the cargo ship unloading around the world. Estimated amount is about $543 million," Yoo told CNBC's "Squawk Box" on Monday.
"It's still short of the overall, but nevertheless, it is the beginning point," he said. "The Korean government as well as the company is acting quite fast in terms of trying to solve this problem."
Hanjin filed for court receivership on August 31, leaving its ships stalled around the world while carrying an estimated $14 billion worth of stranded cargo, much of it Christmas goodies headed for retailers' shelves.
The shipping line was no minor industry player; industry data provider Alphaliner placed Hanjin at the seventh largest globally, with 98 ships and a 2.9 percent market share. That compared with the largest, APM-Maersk, with around 622 ships and a 15.4 percent market share.
Hanjin's parent company, Hanjin Group, planned to raise around $90 million to help cover the cost of unloading cargo, but the court said the amount was inadequate and that it wasn't clear when that plan would be executed, Reuters reported last week. Media reports over the weekend said that shareholder Korean Air Lines agreed to provide around $54 million of that amount, in exchange for collateral in the form of Hanjin's stake in a terminal at Port of Long Beach.
One ship, Hanjin Greece, managed to dock in Long Beach, California, over the weekend, and had its cargo unloaded, but it there was no timeline for other vessels at ports globally, Reuters reported Monday.
The stalled cargo has dogged retailers.
Nate Herman, senior vice president of supply chain for the American Apparel and Footwear Association told Citigroup in a conference call last week that his organization's members, as the cargo owners, were paying fees directly to terminals, stevedores and truckers to get their products unloaded from Hanjin ships.