Korean Air Increases Short-Term Borrowings by 200 Billion Won

[Asia Economy Reporter Suyeon Woo] Korean Air announced on the 26th that it has decided to increase short-term borrowings by 200 billion KRW to secure operating funds.

This borrowing consists of 120 billion KRW from the Korea Development Bank and 80 billion KRW from the Export-Import Bank of Korea, and after the borrowing, Korean Air's total borrowings from financial institutions will increase to 1.1715 trillion KRW.