S. Korea to Vet Profitability of Big Overseas Orders

SEOUL, Nov. 10 (Korea Bizwire) – South Korea’s state-run financial institutions will check the profitability of large overseas construction projects and shipbuilding orders to prevent local companies from winning contracts that will lead to losses down the road, the government said Tuesday. In a meeting chaired by Finance Minister Choi Kyung-hwan in Seoul, senior officials [...]