You are here

Hanjin gets 50b won credit line from South Korea state lender

Friday, September 23, 2016 - 05:50
39942832 - 22_09_2016 - HANJIN-SHIPPING-DEBT_.jpg
Korea Development Bank (KDB), the main lender to Hanjin Shipping Co, offered a conditional credit line of 50 billion won (S$61.6 million) to help ease supply-chain disruptions caused by the collapse of the nation's biggest container mover.

Seoul

KOREA Development Bank (KDB), the main lender to Hanjin Shipping Co, offered a conditional credit line of 50 billion won (S$61.6 million) to help ease supply-chain disruptions caused by the collapse of the nation's biggest container mover.

The state-owned bank will extend the