South Korea to Pump $828 Million Into Korean Air, Yonhap Says
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South Korea’s financial authorities will provide one trillion won ($828 million) in liquidity to Korean Air Lines Co. by issuing government-guaranteed bonds as early as the end of this month, Yonhap News reported.
The cash-strapped flag carrier needs the funds to stay afloat as the aftermath of the Covid-19 outbreak is likely to continue to hinder its operations into the second half of 2020, according to the report, which cited an unidentified government official.