South Korea

Stranded Hanjin ships to unload in Long Beach this week, South Korea says

Stranded Hanjin ships to unload in Long Beach this week, South Korea says

South Korea's top economic policymaker said Wednesday that he expected Hanjin Shipping vessels marooned off Long Beach will be able to offload cargo this week.

Finance Minister Yoo Il-ho said at a government meeting that he expects the cargo crisis caused by Hanjin's slide toward bankruptcy will begin to ease this week, according to a ministry statement.

South Korea's biggest ocean shipping line says it is seeking protection from its creditors in dozens of countries. A U.S. federal judge has temporarily granted Hanjin's request for protection from its creditors and...

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