Independent journal on economy and transport policy
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Daewoo Shipbuilding Must Liquidate 2 Overseas Units...KDB
(Korea IT Times)
July 24, 2015
Korea Development Bank, the largest shareholder of Daewoo Shipbuilding & Marine Engineering, said that it is inevitable for the shipbuilder's overseas affiliates including Daewoo Mangalia Heavy Industries and DeWind to be liquidated. Given the situation in which DSME must reflect a quarterly operating loss of more than 3 trillion won to its books, the bank decided there is no other way but to abandon the units ...... Read more on Korea IT Times
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