Korea’s pension fund accepts bailout plan for Daewoo Shipbuilding

Korea’s pension fund has accepted a bailout package for Daewoo Shipbuilding and Marine Engineering,… paving the way for one of the world’s largest shipbuilders to stay afloat despite being unprofitable in recent years. Hwang Ji-hye has more. Korea’s National Pension Service has given the greenlight to a bailout plan for the troubled Daewoo Shipbuilding and […]

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Large-scale bailout package to be provided to Daewoo Shipbuilding to keep it afloat

Daewoo Shipbuilding & Marine Engineering is likely getting another bailout from state-run banks… despite the government having said previously that wouldn’t happen. Daewoo will get nearly 6 billion dollars worth of credit… on the condition that bondholders and other lenders agree to take a stake in the company in exchange. Kim Hyo-sun reports. The troubled […]

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Decision expected soon on Daewoo Shipbuilding bailout

A rescue plan is pending for Korea’s Daewoo Shipbuilding and Marine Engineering — the world’s second biggest shipbuilding company. But all depends on whether its biggest shareholder, the National Pension Service, approves. It would be Daewoo’s second bailout. And as our Hwang Ho-jun reports, a decision is expected most likely in the next few hours. […]

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Decision still not made on Daewoo Shipbuilding bailout

A rescue plan is pending for Korea’s Daewoo Shipbuilding and Marine Engineering — the world’s second biggest shipbuilding company. It would be Daewoo’s second bailout. While Daewoo’s biggest bondholder, the National Pension Service, has the key… the NPS has not been able to make its final decision as of yet. Oh Jung-hee reports. Whether the […]

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NPS requests more information ahead of bailout support decision for Daewoo Shipbuilding

Another massive bailout scheme is on the table for one of Korea’s biggest shipbuilders. But whether they will get the financial help they need depends largely on one of its biggest bondholders — the National Pension Service. Oh Soo-young updates us on efforts to revive the sector that was once a key engine of the […]

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Large-scale bailout package to be provided to Daewoo Shipbuilding to keep it afloat

Daewoo Shipbuilding & Marine Engineering is likely getting another bailout from state-run banks… despite the government having said previously that wouldn’t happen. Daewoo will get nearly 6 billion dollars worth of credit… on the condition that bondholders and other lenders agree to take a stake in the company in exchange. Kim Hyo-sun reports. The troubled […]

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Massive YouTube Scams, Zoella and Rita Ora Under Fire, Venezuela Uprising, Debt Shame App, & More

Sup, you beautiful bastards Hope you’re having a fantastic Wednesday! Welcome back to The Philip Defranco Show and let’s just jump into it. and the first thing we’re gonna talk about today is just kinda a quickie note, if you have a gotten a message from me or any other creator on Youtube, that looks […]

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