State banks, bondholders still sparring over Daewoo Shipbuilding's rescue package
Apr 12, 2017
The Korea Development Bank (KDB) and Export-Import Bank of Korea (EXIM Bank) -- the two main creditors of troubled Daewoo Shipbuilding & Marine Engineering Co. -- on Wednesday rejected calls from a key bondholder to allow a three-month extension for the repayment of bonds that mature this month, and allow it to conduct due diligence on the world's largest shipyard by order backlog.Earlier, the state-run National Pension Services (NPS) demanded that under its proposal, the NPS and other corporate