A KRW2.5 trillion ($2.1 billion) sale of troubled Asiana Airlines to an HDC Hyundai Development-led consortium has failed. Asiana reported operating losses of KRW268 billion for H2 2020 and is KRW11.5 trillion in debt. Korea Development Bank and Kexim are Asiana’s largest creditors. They...
TXF speaks to Sullivan & Worcester partner Robert Parson about trade disputes, credit escalation and the flight to size as the crisis in the Gulf continues.
Stefan Reisacher, CEO of EPC contractor Linxon, discusses how to work with ECAs in challenging conditions. Contractors need to improve communications with sub-suppliers - from...
TXF spoke with Sang-Jin Ju, KEXIM’s executive director of project finance, to outline the ECA’s activity and how its adapting support to Korean EPCs in overseas PPP markets amid increased competition from Turkish, Chinese and Indian contractors.
TXF speaks to Sullivan & Worcester partner Robert Parson about trade disputes, credit escalation and the flight to size as the crisis in the Gulf continues.
Stefan Reisacher, CEO of EPC contractor Linxon, discusses how to work with ECAs in challenging conditions. Contractors need to improve communications with sub-suppliers - from bidding to investment decisions and beyond.
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