Crisis looms at cash-strapped Dongbu Group
Dongbu Group
Seoul - Yonhap
Cash-starved Dongbu Group, South Korea's 18th-largest conglomerate, is at risk of falling into a deeper hole as its affiliates are likely to face hurdles in refinancing maturing debts following the failure of a deal to sell its key assets, analysts said Friday.
Dongbu, whose business portfolio ranges from insurance and construction to steelmaking, has been under pressure from its creditors to beef up its worsening financial status.
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