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It’s complicated in Korea. Hanjin Group companies Korean Air and Hanjin Shipping Co are to sell off assets to reduce the group’s debt. In the airline’s case, it will recoup some $3.3bn after selling shares in Saudi oil company S-Oil Corp and sell 13 aircraft, including  a 777-200. It will also provide its shipping line sister with W100bn to help it get over a temporary liquidity shortage. Hanjin, meanwhile, is to sell port terminals and a bulk carrier business.