Independent journal on economy and transport policy
01:34 GMT+2
Foreign Creditors Against Daewoo 'Workout'
(The Korea Times)
August 26, 1999
By Kim Hyoung-min
Staff Reporter
The foreign creditors of Daewoo Group are against the government's policy of putting a number of group's affiliates under immediate corporate ``workout'' plans, saying that the international banking circle is not ready to accept any losses.
A major European banker in Seoul, who has had much exposure in the ailing conglomerate, ...... Read more on The Korea Times
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