Daewoo Shipbuilding Expects Business Turnaround this Year

SEOUL, March 10 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a troubled shipyard, is expecting its business to turn around this year following last year’s record loss, as it has fully reflected potential losses and its efforts to cut costs, its chief said Thursday. The shipyard suffered a record 5.1 trillion won (US$4.24 [...]