Home » business » Help sought for Korea-bound exportsbankruptcyHelp sought for Korea-bound exportsThe Hanjin California container ship is docked at the Port Botany shipping and container terminal in Sydney, Australia, on April 15./EPAThe Commerce Ministry's International Trade Promotion Department has launched a hotline at 1169 for Thai exporters facing shipping problems related to the bankruptcy of Hanjin Shipping. In the first seven months of this year, 1.8 per cent of Thailand’s exports was destined to South Korea. In July alone, when Thailand’s total export value was tuned at Bt595.98 billion, exports to South Korea were valued at Bt11.39 billion. Some vessels have also been seized. Reuters reported that its parent firm plans to raise 100 billion won (US$90 million) to fund the unloading of billions of dollars worth of cargo aboard vessels.

Source: The Nation Bangkok September 07, 2016 09:33 UTC