Tag: Hanjin Shipping

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KDB to help Hanjin Heavy stand on its feet

State-run Korea Development Bank announced it will help Hanjin Heavy Industries & Construction, South Korea’s oldest shipbuilder, to stand on its feet, following the shipbuilder's move to file for rehabilitation. KDB reported on February 13, that  it would help Hanjin Heavy negotiate with a number of Filipino financial institutions who are owed vast sums of money by the Korean yard. 

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