Hanjin Shipping to get more funds to resolve cargo crisis

September 22, 2016 9:27 AM

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SEOUL, South Korea – Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy.

Hanjin's lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) to help the shipper unload cargo stranded offshore.

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