Hanjin Gets $45 Million Credit Line From Korean State LenderBy
Loan to be given if funds from Hanjin group are insufficient
KDB credit not for working capital, but to ease disruption
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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