Creditors mull over another rescue package for cash-strapped Daewoo Shipbuilding
Mar 15, 2017
Creditors of Daewoo Shipbuilding & Marine Engineering Co. are looking at an option to map out another rescue package worth up to 3 trillion won ($2.6 billion) for the cash-strapped shipbuilder, as the company is feared to face a deepening liquidity shortage amid a plunge in new orders, industry sources said Wednesday.In late 2015, the creditors, led by the state-run Korea Development Bank, announced a rescue package worth 4.2 trillion won, a huge chunk of which has already been spent to salvage