Independent journal on economy and transport policy
01:24 GMT+2
12 Daewoo units placed under emergency plan
(The Korea Herald)
August 27, 1999
In a blitzkrieg move against their impending collaspe, local creditors of the ailing Daewoo Group put 12 of the companies' units under a workout program yesterday in a last-minute bid to save them from bankruptcy.
"Creditors decided to place the Daewoo subsidiaries under an emergency rescue program to keep them afloat," said an executive of major ...... Read more on The Korea Herald
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