The deadline for Hanjin Shipping to submit a rehabilitation plan to the Korean bankruptcy court has been extended until February 2017.
News ID: 70467 Publish Date : 2016/12/03
The labor union of South Korea’s financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering has agreed to the company’s restructuring plan , removing the final hurdle to the KRW 2.8 trillion (USD 2.3 billion) financial support, according to Yonhap News Agency.
News ID: 70455 Publish Date : 2016/11/21
South Korea’s Hyundai Heavy Industries (HHI) will be divided into four companies as part of its restructuring plan aimed at improving efficiency and raising competitiveness, reports said.
News ID: 70340 Publish Date : 2016/11/16