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[HANJIN CRISIS] Creditors refuse to finance Hanjin Shipping
By 박한나Published : Aug. 30, 2016 - 13:21
“All creditors came to a unanimous decision that we won’t offer additional support to the company at a meeting today,” an official at the state-run policy bank said.
Related story: Hanjin Shipping fallout has less impact on finance industry
Hanjin Shipping faces possible court receivership
On Aug. 25, the embattled cargo container carrier had mapped out 400 billion won (US$357 million) worth of liquidation measures, but the creditors said that it needs at least 600 billion won to stay afloat.
By Park Han-na (hnpark@heraldcorp.com)
