State gas firm aims to cut 10.5tr won in debt by 2017
Seoul - Yonhap
South Korea's state-run gas corporation said Sunday that it aims to slash 10.5 trillion won (US$9.9 billion) in debt by 2017 through asset sales and the reorganization of business operations. Korea Gas Corp. (KOGAS) said 8.2 trillion won will be cut by revising projects under way at home and abroad, with sales of assets contributing 800 billion won.
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