Independent journal on economy and transport policy
08:18 GMT+2
S. Korean shipbuilders' debt jumps in 2012
(YONHAP News Agency)
April 4, 2013
SEOUL, April 4 (Yonhap) -- Combined debt owed by South Korea's seven largest shipyards spiked 44 percent last year as shipbuilders sought more loans from banks and debt sales to cope with falling demand, industry data showed Thursday.
According to the data, Hyundai Heavy Industries Co., Samsung Heavy Industries Co., and five other shipyards held a combined 21 trillion won (US$18.8 billion) in debt at the end of 2012, compared with 14.6 trillion won a year earlier ...... Read more on YONHAP News Agency
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