Korean Lender to Back Hyundai Merchant in Hanjin Assets Takeover

  • Hyundai Merchant has said it could consider buying some ships
  • Korea Development Bank is Hyundai Merchant’s top shareholder

Hyundai Merchant Marine Helps With Hanjin Pile-Up

State-owned Korea Development Bank, the main lender to the troubled Hanjin Shipping Co., said it would “actively support” any efforts by Hyundai Merchant Marine Co. should it decide to purchase some of its bigger rival’s assets.

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