SEOUL, July 29 (Reuters) - Creditors of South Korea's Daewoo Motor Co are arguing over who should be first in line to recover 650 billion won ($546.1 million) in funds they provided after the failure of the automaker, a newspaper said on Monday. The Korea Economic Daily said state-run Korea Development Bank and Woori Bank, key creditors, had demanded their loans to Daewoo should be repaid first as the debts were from public money. But Korea Asset Management Co (KAMCO), the state-run ...
Premium Content (PAID Subscription Required)
"Daewoo Mtr lenders squabble over fund recovery-paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.