Perspective
31 May 2016
Kexim and KDB undercapitalised as Korean shipyards head for the rocks
Region:
Asia-Pacific
Facing a liquidity drought, the state-owned lenders to Korea’s embattled shipyards are in need of recapitalisation if they are to support restructuring in the industry. But bailout plans have worried the IMF and may put Korea on the wrong side of WTO state aid rules.
