Independent journal on economy and transport policy
01:24 GMT+2
Hyundai to Sell 21 Subsidiaries
(The Korea Times)
April 23, 1999
Oh Young-jin
Staff Reporter
Hyundai Group yesterday unveiled a plan to conduct a sweeping fire-sale of its assets in the wake of a similar announcement by Daewoo Group.
By all indications, Hyundai was spurred to come up with its new reform plan under the added pressure of Daewoo's announcement Monday of large-scale asset sale meant to bring its debt-to-equity ...... Read more on The Korea Times
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