Financial regulator: Daewoo's money woes defy categorization
South Korea's Financial Service Commission has omitted yard group Daewoo, one of South Korea's three largest shipowners, from a list of the country's big companies which need restructuring support. The company's financial problems defy categorization, reasons the commission.
BY DANIEL LOGAN BERG-MUNCH
South Korea's financial regulator FSC, Financial Services Commission, has decided to omit the ailing shipyard group Daewoo Shipbuilding & Marine Engineering (DSME) from a list of 32 companies facing restructuring due to serious financial problems.
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