New Trouble in Asia...

verfasst von JüKü, 01.11.2000, 17:46

Auszug:

The financial situation in Korea is getting worse by
the day. The latest victim is Hyundai Engineering, a
key unit of the Hyundai Group, Korea's
second-biggest industrial group. It is now in default
on $4.5 billion of bank debt.

Dong-Ah Construction Industrial Co., a rival of
Hyundai, with $2.9 billion in debt, was refused new
loans by creditors yesterday. Daewoo Motor Co.,
Korea's second biggest automaker, said it will shed a
third of its Korean staff, sell assets and cut
production as it desperately seeks to stem losses to
avoid bankruptcy.

Quelle: http://cbs.marketwatch.com/news/current/erdman.htx?source=htx/http2_mw

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• New Trouble in Asia... - JüKü, 01.11.2000, 17:46