State-run Korea Development Bank announced it will help Hanjin Heavy Industries & Construction, South Korea’s oldest shipbuilder, to stand on its feet, following the shipbuilder’s move to file for rehabilitation. KDB reported on February 13, that it would help Hanjin Heavy negotiate with a number of Filipino financial institutions who are owed vast sums of money by the Korean yard.
Specifically, the shipbuilder announced to the Korean Exchange, that its affiliate yard in the Philippines has...