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September 23, 2016

Hanjin gets funds to resolve cargo crisis

SEOUL, South Korea (AP) — 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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