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14 December 2018 The on-line newspaper devoted to the world of transports 11:43 GMT+1

March 24, 2017

Daewoo CEO says should step down if shipbuilder is unable to turn profit

Daewoo Shipbuilding & Marine Engineering Co Ltd's 0042660.KS CEO Jung Sung-leep said he believes he should step down from the top position if the cash-strapped South Korean firm is unable to turn a profit this year.
South Korean state banks have said they are preparing a fresh $2.6 billion bailout for Daewoo Shipbuilding, which has racked up huge losses from offshore projects and risks missing debt repayments this year ......
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