Media: DSME could get more state aid

According to a news media, South Korea's government could be on track to inject upwards of KRW 3 trillion into ailing Daewoo Shipbuilding & Marine Engineering, which published its results on Wednesday this week.

Photo: Thorbjørn Hansen

The South Korean government is expected to inject upwards of KRW 3 trillion (USD 2.6 billion) into struggling Daewoo Shipbuilding & Marine Engineering (DSME), reports Business Korea.

The new bailout will likely be provided in relation to a debt settlement program, and the media writes that the government and the lenders – including state-owned Korea Development Bank (KDB) – plan to announce the move on March 23.

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