Daewoo Shipbuilding & Marine Engineering (DSME) has won further financial support worth KRW3.2trn ($2.7bn) from its creditors, but it still faces risk of falling under receivership if the shipyard’s labour union object to the conditions for...
The South Korean government is prepared to spend KRW11.2trn ($9.8bn) by 2020 by placing shipbuilding orders to help the country’s ailing shipbuilding industry tide through the downturn, reports said.