Independent journal on economy and transport policy
01:21 GMT+2
Ssangyong tipped to acquire Daedong
(Marine Log)
August 30, 2001
Though some reports have indicated Daewoo as the likely purchaser of Korea's bankrupt Daedong Shipbuilding Co, engine builder STX, formerly known as Ssangyong Heavy Industries may well be the eventual buyer.
Reportedly, the Seoul District Court has decided to negotiate with STX. Daedong has been under court receivership since 1997.
According to Korean reports, ...... Read more on Marine Log
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