Independent journal on economy and transport policy
01:22 GMT+2
Some creditors oppose financial aid for STX Shipbuilding
(The Korea Herald)
December 23, 2015
Some creditors of STX Offshore & Shipbuilding Co. are opposing financial aid for the troubled local shipyard, citing a negative outlook for the shipbuilding sector, industry sources said Wednesday.
Last week, creditors of STX Offshore, led by the state-run Korea Development Bank, decided to provide 450 billion won ($384 million) in financial aid to the shipyard in return for thorough restructuring ...... Read more on The Korea Herald
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