Results for South Korea
- Hanjin Shipping Seeks Creditor-Led Debt Restructuring
South Korea’s Hanjin Shipping Co. Ltd., is seeking to put itself under a creditor-led restructuring after a senior government official said the country’s ailing shipping firms may go into receivership if they can’t rebuild their businesses on their own, ...
Daily Headline - global.abi.org - 04/24/2016 - 17:21 - 0 comments
- South Korea Household Debt Pile Mounts
South Korea’s household debt rose to a record Won1,200tn ($973bn) at the end of last year, worsening one of the country’s biggest vulnerabilities even as the government strives to put the national mortgage stock on a more stable basis, the Financial Ti ...
Daily Headline - global.abi.org - 02/24/2016 - 20:50 - 0 comments
- HHIC Seeks Voluntary Debt Restructuring, Expects 2015 Loss
South Korea’s Hanjin Heavy Industries & Construction (HHIC) is seeking a debt restructuring with its creditors and is expecting to post its sixth consecutive year of losses in 2015, reports said. In a regulatory filing to the stock exchange, HHIC sai ...
Daily Headline - global.abi.org - 01/07/2016 - 23:19 - 0 comments
- Seoul Debt Restructuring Vehicle Anticipates Plenty More Ship Buys In 2016
Korea Asset Management Corp (KAMCO) anticipates it will continue to buy up plenty of ships from locally distressed lines next year, Splash24/7 reported. As of the end of October, the state-run debt restructuring company had purchased 35 vessels from ship ...
Daily Headline - global.abi.org - 12/07/2015 - 23:46 - 0 comments
- Korean Company Saves Carlsson From Insolvency
Korean Company Sambo Motors Co. Ltd has taken control of German tuning company Carlsson, GTSpirit.com reported. The Korean company has promised further investment for the Saarland Merzig company and has sought to reassure Carlsson’s employees that their ...
Daily Headline - global.abi.org - 12/07/2015 - 00:00 - 0 comments
- Zombie Companies in South Korea Spur Restructuring Push
Policy makers in Seoul are accelerating efforts to restructure debt-laden and unprofitable companies before an anticipated rise in U.S. interest rates and any further slowdown in China reverberates in South Korea, Bloomberg News reported. Falling exports ...
Daily Headline - global.abi.org - 11/24/2015 - 00:01 - 0 comments
- Six Percent Of Korean Firms Face Insolvency
The government has been preparing to preemptively restructure insolvent companies ahead of the anticipated interest rate hike by the U.S. central bank, and a new study showed that nearly 6 percent of Korean companies could need it, Korea JoongAng Daily ...
Daily Headline - global.abi.org - 11/19/2015 - 23:54 - 0 comments
- Financial Watchdog Picks 175 Debt-Laden Smes For Restructuring
South Korea's financial watchdog said Wednesday that it has picked 175 small and medium enterprises (SMEs) to be placed under debt restructuring this year as part of government-led efforts to sort out highly indebted firms and prevent their sudden c ...
Daily Headline - global.abi.org - 11/11/2015 - 19:51 - 0 comments
- Restructuring Of Steel, Petrochemical Firms To Gain Speed
The chief financial regulator said Wednesday that he will help creditors speed up restructuring of steel, petrochemical and shipping companies struggling to stay afloat after being hit hard by low demand in global markets, The Korea Times reported. F ...
Daily Headline - global.abi.org - 11/04/2015 - 22:14 - 0 comments
- South Korea To Launch Government-Led Corporate Restructuring To Tackle "Zombie" Companies
South Korea plans to open a government-led corporate restructuring market to speed up the liquidation of "zombie" companies and resuscitate marginal firms suffering a "temporary" financial stress, Xinhua reported. "Corporate rest ...
Daily Headline - global.abi.org - 09/20/2015 - 20:52 - 0 comments