ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Virus-hit Korean Air and Asiana offered $2bn bailout

Aid from state-backed banks to protect jobs at South Korean carriers

SEOUL -- State-backed lenders in South Korea will extend 2.9 trillion won ($2.35 billion) in aid for Korean Air Lines and Asiana Airlines to keep the major carriers aloft and safeguard jobs as the pandemic decimates travel demand.

The assistance from the Korea Development Bank and the Export-Import Bank of Korea is also aimed at keeping the nation's transportation infrastructure intact.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more