Independent journal on economy and transport policy
13:37 GMT+1
KDB head says no new bailout for Daewoo Shipbuilding this year
(YONHAP News Agency)
February 18, 2016
SEOUL, Feb. 18 (Yonhap) -- The newly minted chief of the state-run Korea Development Bank (KDB) said Thursday creditors of Daewoo Shipbuilding & Marine Engineering Co. are not considering injecting more cash into the ailing shipyard this year.
In November last year, main creditor KDB and other creditors pledged to provide 4.2 trillion won (US$3.42 billion) worth of financial aid to help keep the embattled shipbuilder afloat. So far, Daewoo Shipbuilding has received a cash injection of 2 trillion won ...... Read more on YONHAP News Agency
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