Daewoo Shipbuilding to receive second lifeline from creditors
Korea Development Bank and Export-Import Bank of Korea will provide USD 2.6 billion in additional loans to Daewoo Shipbuilding and Marine Engineering, and swap about KRW 1.6 trillion of debt to equity.
BY HOOYEON KIM | KYUNGHEE PARK
Log in to read our articles
Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.