Samsung to freeze executives' wages amid challenges

Some 30 debt-laden firms likely to be put under restructuring

kh close


Published : 2014-07-04 21:15
Updated : 2014-07-04 21:15

Some 30 companies are likely to be put under restructuring this year, mostly those in ailing sectors such as construction and shipbuilding that are in a prolonged slump, sources from creditor banks said Friday.

The Financial Supervisory Service and creditor banks have completed assessing the credit risks of companies that have 500 billion won ($495 million) or more in bank loans and are set to soon announce the list of firms subject to restructuring.

Although the national economy still remains dull, bank officials expect the number of companies on the list to be slightly lower this year compared to 40 in the previous year when several conglomerates collapsed due to liquidity shortage.

“The number of companies to be placed under restructuring will be fewer than 40,” a creditor bank official with knowledge of the matter said. “The point of corporate evaluation is not aimed at kicking out troubled companies but at resuscitating them.” (Yonhap)

Photo News

티아라 효민 멋진 뒤태에 남심 흔들

섹시백 선발대회 몸매 뽐내는 참가자들

카자흐 女배구선수 초특급 미모, 전세계 ‘깜짝’