Independent journal on economy and transport policy
08:32 GMT+2
Ship Financing Dispute Nears Conclusion
(The Korea Times)
January 25, 1999
The protracted dispute over financing to the domestic shipping companies by local banks is expected to be settled soon.
According to the Ministry of Maritime Affairs and Fisheries (MOMAF) and related business concerns yesterday, related banks have recently decided to withdraw requests for interest rate hikes for loans extended to shipping enterprises.
The banks had called for an interest rate increase to finance a ...... Read more on The Korea Times
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