STX Offshore struggling with wave of lawsuits

South Korean yard group STX Offshore & Shipbuilding is battling to find solutions to its extensive financial troubles. The situation will not become easier following a number of legal claims raised by employees and investors, reports South Korean media.

Hyundai Heavy Industries | Photo: Lee Jin-man/AP/POLFOTO/arkiv

BY DANIEL LOGAN BERG-MUNCH

The problems are piling up for South Korean STX Offshore & Shipbuilding, which was declared bankrupt in the beginning of June last year.

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