COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  KOREAN AIR LINES CO, LTD
Parent Company:  Hanjin Group
Award Date:  Apr 29, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $7,500,000
Awarding Agency:  Small Business Administration
Program Name:  Paycheck Protection Program
Facility State:  CA
Facility City:  Los Angeles
Facility Street Address:  900 WILSHIRE BLVD STE 1100
Facility Zip Code:  90017
Facility Congressional District:  CA - 34
Facility NAICS Code:  481111 : Scheduled Passenger Air Transportation
PPP Lender:  HSBC Bank USA, National Association
Jobs Retained:  500

The dollar amount of this loan was reported to be in a range of $5 million to $10 million. We are using the midpoint of that range: $7.5 million.

Parent Company Data

Ownership Structure:  privately held
Headquartered in:  South Korea
Parent Sector:  diversified
Parent Industry:  diversified

Parent Accountability Issues Since 2010

Environmental / Healthcare / Safety Penalties:  $17,000
Consumer Protection / Financial / Competition-related Penaties:  $6,242,000