Home

The Korea Herald

Latest news

Most Popular

  1. 1

    IMF lowers Korea's 2025 growth outlook to 2%

    IMF lowers Korea's 2025 growth outlook to 2%
  2. 2

    Labor Ministry dismisses Hanni harassment case

    Labor Ministry dismisses Hanni harassment case
  3. 3

    Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption

    Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption
  4. 4

    North Korean troops fighting alongside Russia, NIS confirms

    North Korean troops fighting alongside Russia, NIS confirms
  5. 5

    [Herald Interview] How Gopizza got big in India

    [Herald Interview] How Gopizza got big in India
  1. 6

    Japan to hold 1st memorial for Korean forced labor victims at Sado mine

    Japan to hold 1st memorial for Korean forced labor victims at Sado mine
  2. 7

    Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits

    Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits
  3. 8

    [KH Explains] Dissecting Hyundai Motor's lobbying in US

    [KH Explains] Dissecting Hyundai Motor's lobbying in US
  4. 9

    [Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey

    [Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey
  5. 10

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
피터빈트

[HANJIN CRISIS] Creditors refuse to finance Hanjin Shipping

By 박한나

Published : Aug. 30, 2016 - 13:21

    • Link copied

[THE INVESTOR] The creditors of cash-strapped Hanjin Shipping have unanimously decided to end financial support, letting the company go under court receivership, the main creditor Korea Development Bank said on Aug. 30. 

“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)

More from Headlines