Banks dropping support for Hanjin Shipping, say sources
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Seoul
CREDITOR banks of Hanjin Shipping Co Ltd have decided to stop supporting South Korea's largest carrier, increasing the likelihood that the company will enter court receivership, two people at the creditor banks said.
A spokesman for lead creditor Korea Development Bank declined to comment before an official statement. A Hanjin Shipping spokeswoman did not have an immediate comment.
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