Of the country's top 100 shipping companies, 22 have recently been found to have a high risk of default, the state-run debt clearer said last week.
Such a worsening financial situation was attributable to their debts amounting to 2 trillion won and global economic downturn, analysts said.
The result is based on a stress test of the shipping firms conducted by the Korea Deposit Insurance Corp.
The shipping companies reportedly on the verge of a default include STX Pan Ocean and Dong Kun Shipping,
By Josephine Liu Yan Yee
Such a worsening financial situation was attributable to their debts amounting to 2 trillion won and global economic downturn, analysts said.
The result is based on a stress test of the shipping firms conducted by the Korea Deposit Insurance Corp.
The shipping companies reportedly on the verge of a default include STX Pan Ocean and Dong Kun Shipping,
By Josephine Liu Yan Yee
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