To the rescue
Creditors of ailing shipping company Hyundai Merchant Marine enter the company’s headquarters in Yeonji-dong, central Seoul, on Tuesday to attend three rounds of meetings to vote on converting some of the company’s debt into equity as part of a rescue plan. Creditors attending the Tuesday meetings agreed to adjust debt worth 630 billion won ($529.6 million) as of press time. [NEWSIS]
with the Korea JoongAng Daily
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