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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