Several executives leave major Korean yard

Crisis-stricken major Korean yard Daewoo has let several executives go, who according to a press release from the company take "moral responsibility" for the poor economic development.

BY LOUISE VOGDRUP-SCHMIDT

Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on Monday that the shipyard had bid farewell to 13 employees at the executive and consultant levels.

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