creditors Archives | Be Korea-savvy

Creditors to Inject 1.2 tln Won into Virus-affected Korean Air

SEOUL, April 24 (Korea Bizwire) — South Korea’s two state-owned lenders said Friday that they will inject 1.2 trillion won (US$972 million) into the country’s top airline, Korean Air Lines Co., to help the company weather the impact of the COVID-19 outbreak on the airline sector. The Korea Development Bank (KDB) and the Export-Import Bank [...]

Creditors to Inject 1.6 tln Won into Asiana Airlines

SEOUL, Apr. 23 (Korea Bizwire) — Creditors of Asiana Airlines Inc. will funnel 1.6 trillion won (US$1.4 billion) into the cash-strapped airline to help it overcome a liquidity crisis, its main creditor said Tuesday. The Korea Development Bank-led creditors will buy 500 billion won worth of perpetual bonds to be sold by Asiana Airlines, open [...]