South Korea pension fund accepts Daewoo Shipbuilding bailout proposal

Apr 16, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SEOUL (Reuters) – A South Korean pension fund on Monday accepted a debt-to-equity swap proposal for bondholders of troubled Daewoo Shipbuilding & Marine Engineering , greenlighting the country’s latest plan to bail out the world’s largest shipbuilder.