Daewoo Shipbuilding & Marine Engineering Co. Archives | Be Korea-savvy
Pension Fund Undecided on Daewoo Shipbuilding Debt Rescheduling

Pension Fund Undecided on Daewoo Shipbuilding Debt Rescheduling

SEOUL, April 6 (Korea Bizwire) – South Korea’s state pension fund, one of the key debt holders for ailing Daewoo Shipbuilding & Marine Engineering Co., said Thursday it remains undecided on whether to agree on debt rescheduling measures that aim to keep the shipyard afloat. The National Pension Service (NPS), which holds about 30 percent [...]

National Pension Service May File Lawsuit against Daewoo Shipbuilding

National Pension Service May File Lawsuit against Daewoo Shipbuilding

SEOUL, July 13 (Korea Bizwire) – The National Pension Service (NPS) announced on July 12 that it may file a damages suit against Daewoo Shipbuilding & Marine Engineering Co. (DSME), the country’s third-largest shipyard, due to its suspected accounting fraud. According to a prosecutorial investigation, DSME allegedly committed accounting fraud exceeding 5 trillion won ($4.36 billion) over [...]