S.Korea to allow foreign investment in Daewoo Ship
South Korea said on Monday it will invite foreign investment in the sale of government shares in Daewoo Shipbuilding & Marine Engineering and other domestic firms to boost foreign currency liquidity.
“(The government) will make every effort to attract an appropriate level of foreign investment in the process of selling shares in restructuring companies,” Jun Kwang-woo, chairman of the Financial Services Commission, told reporters in a briefing. “This will apply to Daewoo Shipbuilding, although a formula or details will depend on creditors.” (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.