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Article: South Korea : Leading Korean yards face restructuring.
- Article from:
- TendersInfo
- Article date:
- April 15, 2009
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Byline: pinto03
Leading shipbuilding groups are among the 10 or so chaebol facing restructuring in Korea. Korean banks are reviewing chaebols' 2008 balance sheets in order to determine which have the smallest chances of making it through the economic crisis.
Highly-leveraged conglomerates are already exploring the option of selling off units, bringing life to the local M&A market, which has been in a lull since the global financial turmoil began last year.The lenders, including the industry's largest, Kookmin Bank, hope to complete the credit risk assessment of 45 major business groups by the end of April and draw up a restructuring plan by the end of ...