Mountain "banks, Daewoo Shipbuilding debt adjustments virtually complete agreement."

[Korea Selected financial newspaper reporters - Daewoo Shipbuilding & Marine Engineering Industrial Bank shareholder and main creditor bank said 12 days is virtually finished dwaetdago debt adjustments, new financing agreement of commercial bank creditors.

Industrial Bank, the vast majority of the creditors submitted today to complete the current agreement sealed 'said said "remaining institutions also plan to finalize the internal procedures of the relevant week.

Creditors of Daewoo Shipbuilding is 12 places, including Korea Development Bank, the Export-Import Bank. Agreement is subject to submit guarantee institutions 2 places such as Kookmin Bank, Agricultural Bank and commercial banks nine, Seoul Guarantee Insurance, Defense Industry Association.

Creditors agreed that while virtually yirwoji Daewoo Shipbuilding and related debt restructuring was between leaving only corporate bonds, commercial paper (CP) consent of the investors.

Daewoo Shipbuilding Unions also announce a bar sharing the pain, such as two months on the 6th dispute-free, no-strike rule compliance, all employees pay an additional 10% return, collective bargaining interim stop.

Development Bank has requested that "comes down to vary a wise decision on corporate bonds · CP investors ahead of the 17 to 18 sachaegwonja rally.

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