Korea’s Hanjin Shipping must revive its fortunes without further funding from its creditor banks after its restructuring plan was rejected on Tuesday.
Its scheme to raise KRW 400bn ($357m) was deemed insufficient to address its lack of cash.
Main creditor Korea Development Bank (KDB) said in a statement on Tuesday that lenders would not provide further financial aid.
It added that Hanjin could still need up to KRW 1.3
