Daewoo Fined For Intra-Group Trade

Monday, October 18, 1999
South Korea's Fair Trade Commission reportedly fined Daewoo Corp about $1.2 million last month for an unfair intra-group foreign currency transaction, in which Daewoo allegedly sold $192 million below market rates to Daewoo Heavy Industries through the local branches of two foreign banks. Daewoo Group, currently struggling under debts of $47.3 billion, was fined a total of $11.2 million, including the $1.2 million for the currency transaction.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Liebherr to Debut 5-Axle Mobile Crane

Liebherr will be showing its new 160-tonne mobile crane LTM 1160-5.2 at the Intermat 2015 in Paris, France. This crane on a five-axle chassis was presented to

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Indian Ports: Private Vs Government

Rising competition from fast growing private sector ports is forcing government-controlled major ports to re-invent themselves, reports Business Standard. Slowdown

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2827 sec (4 req/sec)