Bailout for crisis-hit Hanjin Shipping gets conditional approvalval

A key member of South Korea's Hanjin Group agreed on Saturday to a conditional bailout of the group's shipping unit, whose collapse has sparked turmoil worldwide on the high seas. The board of group unit Korean Air, meeting for the third straight day, decided to lend 60 billion won ($55 million) to Hanjin Shipping, two thirds of whose cargo fleet is marooned at sea due to huge debts. "The board members decided to provide the loan but only in exchange for collateral (from Hanjin Shipping)," a com