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South Korea throws shipbuilder Daewoo new US$6b lifeline
Seoul criticised for backtracking on pledge to stop injecting fresh funds in the company
Add BT as a preferred sourcePublished Thu, Mar 23, 2017 · 09:50 PM
Seoul
SOUTH Korea offered troubled Daewoo Shipbuilding & Marine Co a new US$6 billion bailout on Thursday as the giant firm's financial crisis worsens.
Daewoo is the world's largest shipyard in terms of its order book and was previously given a 4.2 trillion won (S$5.25 billion) aid package in 2015.
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