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Hanjin gets 50b won credit line from South Korea state lender
Published Thu, Sep 22, 2016 · 09:50 PM
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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 loan only if the funds pledged by Korean Air Lines Co,…
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