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Korean Air to raise $3.3 bln to cut debt, help Hanjin Shipping
Korean Air Lines Co Ltd plans to raise 3.5 trillion won ($3.33 billion) over two years by selling assets such as shares in refiner S-Oil Corp, to pay off debt and support loss-incurring affiliate Hanjin Shipping Co Ltd.
Read Full Article: http://www.ajot.com/news/korean-air-to-raise-3.3-bln-to-cut-debt-help-hanjin-shipping
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