Korean Air, South Korea's flag carrier and largest airline, has put up for sale its shares in refiner S-Oil and 13 planes to raise KRW3.5 trillion. Proceeds from the deal will be used to pare its debt and provide aid to affiliate Hanjin Shipping Co.
Hanjin Shipping Co
Breaking News
Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
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