Hanjin Shipping trade's Board Korean Air Lines.
Multi Management and Future Solutions Malaysia: Hanjin Shipping offers surged as much as 28 percent in morning exchange on Thursday after the leading body of Korean Air Lines, its greatest shareholder, endorsed loaning 60 billion won (US$53.96 million) to the vexed compartment transporter.
Shares of Korean Air climbed 5 percent.
Korean Air's board chose late on Wednesday to give the assets to offload freight that has been stranded on Hanjin ships, utilizing Hanjin's records receivable as guarantee, a representative for the carrier said.
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