KDB Industrial Bank to lend up to USD329m in unsecured funds to LCCs affected by coronavirus

    KDB Industrial Bank plans to lend up to KRW400 billion (USD329 million) in unsecured funds to seven LCCs experiencing losses due to the outbreak of coronavirus (Jungang Daily/Seoul Economic Daily/Korean Herald, 15-Mar-2020). KDB Industrial Bank and Korea Export-Import Bank plan to support up to KRW200 billion (USD164.5 million) in syndicated loans for the acquisition of Eastar Jet by JEJU Air.