S.Korea setting up financial task force
24-12-2008
South Korea's financial watchdog says its banks will set up a taskforce to assess the finances of construction firms and smaller shipbuilders. The task force will force unviable companies to restructure. The government will also help salvage firms by injecting fresh funds, or putting them under debt rescheduling programmes. The move is aimed at calming market jitters, by restructuring companies that look likely to fail.
