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 [...]