Independent journal on economy and transport policy
13:38 GMT+1
Creditors pressed to cover massive loan loss on faltering STX unit
(YONHAP News Agency)
June 10, 2013
SEOUL, June 10 (Yonhap) -- Creditors of a local shipper are likely to set aside more than 270 billion won (US$241 million) to cover possible loan losses as the ailing shipper STX Pan Ocean Co. filed for court receivership, a report showed Monday, spawning concerns about their financial health ...... Read more on YONHAP News Agency
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