34 companies subject to corporate restructuring in Korea
Financial Supervisory Service (FSS)
Seoul - Yonhap
The Financial Supervisory Service (FSS) said Sunday it has given credit risk ratings to 34 companies including 21 construction firms, subjecting them to restructuring programs.
The country's top financial regulator and creditors regularly inspect companies with debts of 50 billion won (US$48.54 million) or more to assess their risk levels. This year, 34 companies were given the bottom two ratings of "C" and "D," they said.
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