Shipbuilders Ask for New Loan Terms

Friday, March 27, 2009

According to a March 26 report from JoongAng Daily, Korean shipyards are asking state-run lenders to increase loans and extend financing for orders as their cash holdings run out, industry sources said yesterday. According to the sources, shipbuilders called on the Korea Development Bank and the Export-Import Bank of Korea to increase their financing for shipbuilding orders and extend loans for their operations.

(Source: JoongAng Daily)

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