Among companies getting millions in U.S. small business loans: South Korea's biggest airline

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The Seoul-based airline has about 500 employees in the U.S. and says it is using most of the funds to pay staff.

The Trump administration on Monday released the names of the businesses that received some of the biggest federal loans for small businesses.Korean Air's local office received between $5 million and $10 million, according to government data.Fabrizio Gandolfo | SOPA Images | LightRocket via Getty Images

The carrier received between $5 million and $10 million in U.S. loans intended to help small businesses keep employees on their payrolls, according to a list of thein the Paycheck Protection Program released by the Trump administration on Monday. The funds will be used toward it's payroll costs for staff including those in its major cargo business as well as office jobs like marketing and human resources, the spokeswoman said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

zerohedge

stoolpresidente turns out South Korea flies too...🙄

So how is smallbusiness defined again? airlines coronavirus

Singapore Singapore Latest News, Singapore Singapore Headlines