Korean state bank pulls STX Offshore towards receivership
Korean shipbuilder STX Offshore will presumably enter court receivership before the end of May. The creditors led by national bank KDB will discuss the case this week, but they have allegedly already decided on receivership for the shipyard, reports local media.
BY DANIEL LOGAN BERG-MUNCH
South Korean state-owned bank Korea Development Bank (KDB) has its hands full these days.
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