Independent journal on economy and transport policy
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KAMCO helps reshape shipping firms
(The Korea Times)
December 6, 2015
By Choi Kyong-ae
Korea Times
Acquiring ships from financially troubled shipping companies will remain one of the mainstay jobs handled by Korea Asset Management Corp. (KAMCO) next year.
As of the end of October, the state-run debt restructuring company will have purchased 35 vessels from shipping firms, including Hanjin Shipping and Hyundai Merchant Marine, for 505.5 billion won ($434 million) since the 2008 financial crisis, according to KAMCO...... Read more on The Korea Times
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