Debt settlement Archives | Be Korea-savvy

Komet Announces Shares for Debt Transaction

MONTREAL, July 9 (Korea Bizwire) – Komet Resources Inc. (“Komet” or the “Corporation”) (TSX-V : KMT) announces today that its board of directors has approved the settlement of $2,556,718 of debts through the issuance of common shares of the Corporation (the “Debt Settlement“). Pursuant to the Debt Settlement, the Corporation would issue 21,305,983 common shares at a deemed price of $0.12 [...]

Record Number of South Koreans Resort to Debt Settlement

SEOUL, Jan. 19 (Korea Bizwire) – The number of South Koreans applying for debt settlement last year reached an eight-year high. According to a new report from the Credit & Recovery Counseling Service on Friday, the number of South Korean debt holders who negotiated a debt settlement amounted to 103,277 last year, up 7.2 percent from [...]