Korean Shipbuilder Gets a Lifeline for Now

Posted on 04/17/2017


Daewoo Shipbuilding & Marine Engineering Co., a mega South Korean shipbuilder, that provides some 50,000 jobs, has about 14.4 trillion KRW in debt and 224.3 billion KRW in cash as of December 2016. The shipbuilder has financially struggled over a series of years. South Korea’s National Pension Service (NPS), along with other investors such as […]