Hanjin Gets $45 Million Credit Line From Korean State Lender

Updated on
  • Loan to be given if funds from Hanjin group are insufficient
  • KDB credit not for working capital, but to ease disruption

Hanjin Shipping Get $54M Loan From Korean Air

Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won ($45 million) to help ease supply-chain disruptions caused by the collapse of the nation’s biggest container mover.

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