Semo Group, Responsible for the Ferry “Sewol,” Expected to Go Bankrupt

SEOUL, May 29 (Korea Bizwire) – The affiliate companies under the direct control of Yoo Byung-eun, the former chairman of Semo Group, are expected to go bankrupt sooner or later. That’s because major creditor banks has already begun recalling their loans from the major Semo affiliates including Chonhaeji, Ahae, and Jongseok Chemical. For example, Korea Development Bank [...]