Independent journal on economy and transport policy
15:58 GMT+2
Korean aid for Daewoo
(BBC News)
August 26, 1999
South Korean authorities have announced a financial package to help Daewoo, the troubled Korean conglomerate.
The package offers soft loans to Daewoo subcontractors of around 400bn won as well as support for commercial banks. The total size of the package is as yet unclear.
Daewoo, Korea's second largest company, is effectively bankrupt, with debts of $51bn, ...... Read more on BBC News
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