Tag - Ailing container shipper Hanjin Shipping and its three publicly traded affiliates face a 3.4 trillion won ($2.96 billion) wall of debt coming due by the end of next year

Shipping unit's debt problems weigh on Hanjin Group

Ailing container shipper Hanjin Shipping and its three publicly traded affiliates face a 3.4 trillion won ($2.96 billion) wall of debt coming due by the end of next year, data showed Sunday. According to data compiled by Chaebul.com, an online financial information provider, four Hanjin Group companies — Hanjin Shipping, Korean Air Lines, Hanjin KAL and Hanjin Corp. — have to repay a combined 1.49 trillion won in loans this year and another 1.55 trillion won by the end of [...]

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