Korean Air Approves Funds to Ease Hanjin Vessel Disruptions

Updated on
  • 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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