Banks' exposure to 3 shipbuilders, 2 shippers jump 4.8 tln won
Jun 6, 2016
South Korean banks' loans to the country's three biggest shipbuilders and two major shipping lines jumped 4.8 trillion won (US$4 billion) in the past two and a half years as they borrowed more to continue operations, data by a private corporate firm showed Monday. Bank loans extended to Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. climbed 4.5 trillion won to 50.54 trillion won at the end of April from 46.06 trillion won as of end-