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Hanjin Shipping plummets on the stock exchange in Seoul

Hanjin Shipping's share price is tumbling on the Seoul exchange after the carrier's creditors rejected a rescue plan aimed at securing the carrier's recovery.

Photo: Hanjin

Crisis-stricken South Korean carrier Hanjin Shipping is deflating rapidly on the stock exchange in Seoul after doubts emerge regarding the carrier's restructuring plan.

Local news media Yonhap reports that the carrier's creditors rejected a restructuring plan that was aimed at securing new lines of credit for Hanjin, writes Bloomberg News.

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