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Authorities raid Korean shipbuilder Daewoo

The prosecution in South Korea has conducted a dawn raid at the headquarters of the already struggling Daewoo yard because of alleged irregularities in financial reports from 2013 and 2014, reports the BBC.

Photo: Thorbjørn Hansen

Struggling Korean yard, Daewoo Shipbuilding and Marine Engineering (DSME), was subject to a dawn raid in which 150 officials showed up to the yard's headquarters in Seoul and to one of the facilities on island Geoje, BBC writes.

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