Most Popular
-
6
Korean study finds 'obese' BMI may actually be healthiest
-
7
[Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'
![[Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/13/20241113050481_0.jpg&u=20241113223419)
-
8
Samsung stocks fall to 4-year low
-
9
[KH Explains] Why Yoon golfing is so controversial
![[KH Explains] Why Yoon golfing is so controversial](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/13/20241113050608_0.jpg&u=)
-
10
Korean model admits drug use, seeks help from embassy in Manila: report
![[Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/13/20241113050481_0.jpg&u=20241113223419)
![[KH Explains] Why Yoon golfing is so controversial](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/13/20241113050608_0.jpg&u=)
[THE INVESTOR] Korean Air Lines, the largest shareholder of Hanjin Shipping, on Oct. 25 made it clear that there will be no additional aid to the cash-strapped shipper that has been put under court receivership since early this month.
“We expect no more impact from funding to Hanjin Shipping,” a Korean Air executive said during a conference call on the day.
“We will continue efforts to improve our financial structure, including issuing additional perpetual bonds.”
“We expect no more impact from funding to Hanjin Shipping,” a Korean Air executive said during a conference call on the day.
“We will continue efforts to improve our financial structure, including issuing additional perpetual bonds.”
The remarks came after the nation’s largest flag carrier reported its record quarterly earnings in the July-September period. The company said its third-quarter operating profit surged 34.9 percent to 447.6 billion won (US$393 million) compared to a year ago.
It said the losses from its funding to Hanjin Shipping, worth a combined 825.1 billion won, have already been reflected in its earnings in the first to third quarters this year.
By Lee Ji-yoon (jylee@heraldcorp.com) anjin">jylee@heraldcorp.com)
