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.
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.