Hanjin Shipping’s main creditor has denied it has agreed a debt extension deal with banks.

Korea Development Bank (KDB) refuted a report in the Maeil daily that the restructuring shipowner has pushed back KRW 500bn ($440m) of loans into next year.

The report had cited an unnamed KDB official.

And Hanjin itself said talks are continuing, but no deal has yet been finalised.

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