Korea Development Bank has established a KRW 2 trillion won (USD 1.6 billion) distressed asset fund to support the domestic shipping industry. We will be providing more details as well as a highlight on the differences between KDB’s fund and state-run debt-clearing agency Korea Asset Management Corp (Kamco)’s fund in the next issue of Marine Money Asia. Stay tuned.
This is only an excerpt of Let’s Together Shipping Fund
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Tags: · Kamco, KDB, Korea Asset Management Corp, Korea Development Bank, Let's Together
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