Tuesday, March 21, 2017

Imjongryong "Daewoo Shipbuilding, take voluntary agreement without forcing"



[South Korea's Choice Financial newspaper reporter] imjongryong Finance Chairman (second from right) is "that it is necessary to devise ways there is no legally enforceable voluntary agreement which entails' DSME restructuring said.

Imjongryong attended by Chairman of the Political Affairs Committee plenary meeting held in the National Assembly explained, "and review the support and scale gotta assume a number of assumptions which are assumed various management measures, including legal, voluntary agreements, divestitures". This can be interpreted as suggesting that one can find a legal restructuring debt restructuring failed during the workout, court administration.

23 days is the government coming to open the meetings industry competitiveness strengthen relations minister plans to finalize the Daewoo Shipbuilding and liquidity support measures. 2015 is the last scheduled orders likely future situation dwaetneunde consideration for such assistance is 4.2 trillion won in Daewoo Shipbuilding additional support in just one year five months.

In this regard imjongryong chairman said "gotta make a restructuring plan even though back in October last year'm throwing Dear citizens support measures. Imjongryong chairman explained, "Considering also moral hazard (moral hazard) the possibility to relax the self-help efforts of the company had been shaved for such orders is predicted shortage situation of the company.

Imjongryong chairman said 'I will judge comprehensively considering the corporate bankruptcies during difficulties, the burden of debt financing, however, the impact of the real economy, etc. "

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