Banks dented by corporate restructuring

soared 0.12 percentage points for the past one month to 1.16 percent. STX Offshore and Shipbuilding that field for a court receivership in May affected the ratio to rise, the FSS explained. By Song Su-hyun ()

Korean banks suffer losses in Q2 on bad shipping loans

main creditor of debt-ridden Hanjin Shipping -- dragged down the combined figure. “The restructuring of companies like Daewoo Shipbuilding & Marine Engineering, STX and Hanjin Shipping raised the bad

[HANJIN CRISIS] Korea to safeguard logistics from Hanjin fallout’

, will be under creditor-led workout programs, while the D-graded companies, including STX Offshore & Shipbuilding, will be under court receivership, the regulator said. Hanjin and HMM then had already

‘Korea to safeguard logistics from Hanjin fallout’

Hanjin and Hyundai Merchant Marine, will be under creditor-led workout programs, while the D-graded companies, including STX Offshore & Shipbuilding, will be under court receivership, the regulator said

8% listed firms suffer operating, net loss

Engineering, which logged both operating and net losses, had a debt-equity ratio of over 7,000 percent. The debt ratio of STX Offshore & Shipbuilding, another struggling shipyard, stood at more than 1,300

Some 8% of listed firms suffer double whammy

excess of 200 percent. As of end-2015, troubled Daewoo Shipbuilding & Marine Engineering Co., which logged both operating and net losses, had a debt ratio of over 7,000 percent. The debt ratio of STX

STX to hire arranger for French affiliate sale this week

[THE INVESTOR] STX Offshore & Shipbuilding, the South Korean shipyard that has been undergoing a court-led restructuring scheme, is revitalizing a plan to sell STX France by hiring a manager for its

STX creditors deny sale rumors

[THE INVESTOR] The creditors of STX Corporation on Aug. 19 denied reports they are preparing to open bids for the company. STX Corporation was the holding company of STX Group, and is currently under

KB Investment to oversee Jeil Holdings’ IPO

, a South Korean livestock and animal feed group. Harim’s subsidiaries also include shipping line Panocean, formerly STX Panocean. According to reports citing unnamed finance industry sources, Harim

Auditor issues disclaimers of opinion for STX Heavy Industries and five other firms

[THE INVESTOR] Six listed companies in South Korea have received disclaimers of opinion from external auditors in their semiannual report. The independent external auditor of STX Heavy Industries