Daewoo Mtr lenders squabble over fund recovery-paper

Newswire

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 ...

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