The South Korean government as well as the owner of collapsed container carrier Hanjin, Hanjin Group, now both float the possibility of providing financial aid to the carrier, reports Bloomberg.
Hanjin Group has promised to provide 100 billion won, around USD 90 million, of which 40 billion won will come from chairman Cho Yang Ho and the remaining 60 billion will be raised with collateral in assets such as Hanjin Group's stake in the Long Beach terminal in Los Angeles.
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