Korean Air Approves Funds to Ease Hanjin Vessel DisruptionsBy
60 billion won to be given only after airline gets collateral
Money is needed for payments to unload cargo from Hanjin ships
Korean Air Lines Co., the biggest shareholder of Hanjin Shipping Co., said it will provide 60 billion won ($54 million) in funds as part of efforts to ease a supply-chain disruption after South Korea’s largest container line filed for court protection.
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