The Korea Development Bank reportedly is threatening to call in 1.12 trillion won ($959 million) in loans made to GM Daewoo Auto & Technology Co. that mature early in July, unless preconditions are met. However, a GMDAT spokesman tells Ward’s no ultimatum has been made. He does confirm two loans totaling 1.12 trillion won were rolled over by KDB-led creditors last week for a 30-day period, and the auto maker is seeking a further extension. The spokesman also reveals instead of ...
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