April 22, 2019 / 11:19 PM / a month ago

S.Korean creditors to provide $1.4 bln support to Asiana Airlines - Yonhap

SEOUL, April 23 (Reuters) - South Korean creditors plan to provide 1.6 trillion won ($1.4 billion) of financial support to debt-laden Asiana Airlines to address the carrier’s liquidity problems, Yonhap News Agency said, quoting the country’s finance minister.

The support includes buying perpetual bonds worth 500 billion won, Finance Minister Hong Nam-ki said at a meeting, the report said.

$1 = 1,140.4500 won Reporting by Hyunjoo Jin and Cynthia Kim Editing by Jacqueline Wong

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