South Korea

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South Korea Contract Workers At Heart Of Labour Reform Challenge

South Korea’s economy grew just 0.4 per cent in the last three months of last year from the previous ...

Daily Headline - global.abi.org - 04/20/2015 - 22:33 - 0 comments

South Korea In Balancing Act On Household Debt

South Korea’s government is fighting to address the dangers of the nation’s fast-rising household debt burden — even as critics accuse it of stoking the credit boom through deregulation aimed at boosting the housing market, the Financial Times report ...

Daily Headline - global.abi.org - 03/26/2015 - 22:19 - 0 comments

Daebo Files Chapter 15

South Korean bulker operator Daebo International Shipping has filed for bankruptcy protection in the Southern District of New York, TradeWinds News reported. The Chapter 15 petition follows an application to commence rehabilitation proceedings in the ...

Daily Headline - global.abi.org - 03/16/2015 - 20:02 - 0 comments

Third Dry-Bulk Shipper Files For Bankruptcy As Rates Tumble

A third dry cargo shipper has filed for bankruptcy this month following a collapse in freight rates to historic lows in what shippers call the worst market conditions since the 1980s, Commodities Now reported. South Korea's Daebo International S ...

Daily Headline - global.abi.org - 02/23/2015 - 22:31 - 0 comments

Court OKs Receivership For Dongbu's Construction Unit

A local court said Wednesday it has decided to commence a receivership program for midsize South Korean builder Dongbu Corp., which has recently been hit by financial troubles amid a slump in the construction industry, the Yonhap News Agency reported. Th ...

Daily Headline - global.abi.org - 01/07/2015 - 22:42 - 0 comments

South Korean Households Pile Up Debt

More South Korean households are piling on debt at the fastest rate in a decade as the government is using credit to stimulate sluggish consumption, the Financial Times reported. Choi Kyung-hwan, who took office as finance minister in July, has launc ...

Daily Headline - global.abi.org - 01/05/2015 - 22:06 - 0 comments

Zalman Tech Files For Bankruptcy

Zalman Tech, a legendary maker of cooling solutions and other devices, has filed for bankruptcy. The company had to file for insolvency protection in South Korea because its parent company Moneual took loans it could not eventually repay by using fabrica ...

Daily Headline - global.abi.org - 11/06/2014 - 23:03 - 0 comments

Korean Air Lines Agree to Inject Fresh Capital into CSA Czech Airlines

CSA Czech Airlines said that its key shareholder Korean Air Lines Ltd. has agreed to inject fresh capital into the country’s flagship carrier as it seeks to overcome its current financial struggles, The Wall Street Journal Emerging Europe blog report ...

Daily Headline - global.abi.org - 10/23/2014 - 21:20 - 0 comments

Korea's Leading Robot Vacuum Cleaner Maker Seeks Court Receivership

Korea's leading robot vacuum cleaner manufacturer Moneual has filed for court receivership after failing to pay bonds worth 500 billion won ($474.1 million) that matured last week, The Korea Times reported. The Suwon District Court will soon dec ...

Daily Headline - global.abi.org - 10/22/2014 - 21:44 - 0 comments

Pantech Offered For Sale Under Receivership

South Korea's No. 3 smartphone maker, Pantech Co., which has been under court receivership, is now up for sale on Wednesday, in a desperate move to get the company back on its feet, the Yonhap News Agency reported. The latest development came as the ...

Daily Headline - global.abi.org - 09/24/2014 - 21:11 - 0 comments

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