Wednesday, September 21, 2016

Korean Air to loan Hanjin Shipping 60 bln won to help unload cargo

SEOUL, Sept 21 (Reuters) - The board of Korean Air Lines

, the largest shareholder of collapsed Hanjin

Shipping Co Ltd, has approved lending 60 billion won

($53.96 million) to the container carrier, using Hanjin's

accounts receivable as collateral, a spokesman for the airline

said on Wednesday.

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