Search results for: Korea Development Bank

127217 results

A list of search results

  • 3 January 2017
    Business & Finance

    The state-run Korea Development Bank (KDB) has increased its stake in the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), according to a stock exchange filing. Namely, KDB, one of DSME’s main creditors, increased its ownership in the shipbuilder from 49.74 percent to 79.04 percent through a debt to equity swap. In November 2016, […]

  • 21 July 2015
    Business & Finance

     Daewoo Shipbuilding and Marine Engineering’s (DSME) shares have made a substantial comeback today as the Korean shipbuilder stepped up its restructuring efforts. Namely, Daewoo’s shares today traded at KRW 8,520 in Seoul, its largest daily gain since October 2014, after rising as much as 21 percent in the morning, Bloomberg reports. The shares’ value shot up following announcements that Korea Development Bank, […]

  • 21 July 2015
    Business & Finance

     Daewoo Shipbuilding and Marine Engineering’s (DSME) shares have made a substantial comeback today as the Korean shipbuilder stepped up its restructuring efforts. Namely, Daewoo’s shares today traded at KRW 8,520 in Seoul, its largest daily gain since October 2014, after rising as much as 21 percent in the morning, Bloomberg reports. The shares’ value shot up following announcements that Korea Development Bank, […]

  • 13 June 2016
    Project & Tenders, Vessels

    Korea Development Bank last week said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project 50 miles off the coastline of Cameron Parish, Louisiana.

  • 21 March 2016
    Business & Finance

    The Korea Development Bank (KDB) together with four other financial institutions have signed a Memorandum of Understanding worth USD 1.2 billion to support compatriot container shipping companies in their newbuilding programs. The other four include the Export-Import Bank of Korea, Trade Insurance Corporation, KAMCO and KDB Capital. The support will be streamlined through a fund, […]

  • 3 October 2014
    Business & Finance

    The Korea Development Bank (KDB) has made plans to allocate up to USD 1 billion for supporting small and medium-sized shipping companies.The state-run bank said that it will launch the “KDB Ocean Value-up Fund” within this year to sharpen the competitiveness of the local marine industry. The fund is expected to help firms build new […]

  • 24 October 2018
    Business & Finance

    Hyundai Merchant Marine to sell KRW 1 trillion of bonds to state-owned Korea Development Bank.

  • 29 March 2016
    Business & Finance

    Cash-strapped shipping company Hyundai Merchant Marine (HMM) has managed to secure some breathing space from its creditors who agreed to a three-month maturity extension on the company’s debts. Specifically, HMM’s creditors’ council, led by the Korea Development Bank (KDB) gave a green light to the extension of the company’s debt maturity from March 29 to […]

  • 8 February 2017
    Business & Finance

    The state-run Korea Development Bank (KDB), the main creditor of the former South Korean shipping giant Hanjin Shipping, has launched sales proceedings for ten Hanjin ships, Yonhap News Agency cited industry sources. The bank has reportedly asked the potential buyers of the ships, which include two container vessels and eight bulk carriers, to submit their bids […]

  • 16 June 2016
    Business & Finance

    After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks, the country’s lenders could need more help to absorb the enormous shipbuilding losses, Bloomberg reported. According to data provided by Bloomberg, ten of South Korea’s shipbuilders have together accumulated a debt of some USD 38.2 billion. As the country’s major shipbuilding and […]

  • 12 May 2015
    Business & Finance

    South Korean Daewoo Shipbuilding & Marine Engineering (DSME) has confirmed its interest in buying a stake in a Saint Nazaire-headquartered shipbuilder STX France. Reacting to recent speculations made in the French press, DSME said that it received the offer documents for the sale of the stake, but that no specifics had been agreed upon at the time. DSME […]

  • 4 May 2016
    Business & Finance

    South Korean shipping company Hanjin Shipping has received approval from creditors to move forward with its voluntary restructuring proceedings, the company said in an exchange filing. The approval comes after Hanjin submitted a formal request to restructure its debt with its seven lenders, led by state-run Korea Development Bank, on April 29. The announcement serves […]

  • 27 February 2015
    Business & Finance

    South Korean  LPG and chemical shipping company KSS Line has signed a financing deal with Korea Development Bank (KDB) for one of its newbuilds. Under the deal, signed on February 26, 2015, KDB will provide financing for a 84,000 cbm very large gas carrier  (VLGC). The value of the financing deal has not been disclosed. KSS has one 84,000-cbm […]

  • 8 March 2019
    Project & Tenders

    South Korean shipbuilder Hyundai Heavy Industries has signed the formal deal with Korea Development Bank to complete the purchase of its compatriot Daewoo Shipbuilding & Marine Engineering.

  • 18 March 2016
    Business & Finance

    Troubled South Korean shipping company Hyundai Merchant Marine (HMM) has been allowed to stay listed on the local stock exchange as the company’s shareholders approved a 7-to-1 capital reduction proposal at a general meeting today, the company said in a stock exchange filing. The proposal adoption comes on the back of Korea Development Bank’s (KDB) decision […]

  • 3 May 2016
    Business & Finance

    South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) will receive an additional amount of  KRW 120 billion (USD 104.8 million) of financial aid from its creditor, Yonhap news agency said. The creditors, led by Korea Development Bank (KDB), have previously approved an emergency financial boost of USD 109 million to Hanjin Heavy in January this year. At the […]

  • 29 May 2018
    Business & Finance

    Korea Development Bank (KDB) collected up to KRW 300 billion by issuing green bonds on May 29.

  • 19 July 2016
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) might get its first foreign Chief Executive Officer (CEO) once the company officially becomes a subsidiary of the state-run Korea Development Bank (KDB) at the beginning of August, The Korea Times reports. KDB and the remaining creditors plan to appoint the new leadership at HMM on August 5, once the […]

  • 25 May 2016
    Business & Finance

    Struggling South Korean shipping company Hyundai Merchant Marine has concluded a deal with its creditors, led by the state-run Korea Development Bank, on a debt-for-equity swap worth KRW 680 billion (USD 570.27 million), the company confirmed in a stock exchange filing. Previous reports claimed that the debt-for-equity swap will see KDB take 30 % of shares […]

  • 12 July 2016
    Business & Finance

    South Korean shipbuilder Samsung Heavy Industries (SHI) could see its self-rescue plan finalized as the company’s creditor state-run Korea Development Bank (KDB) is set to wrap up SHI’s plan during the week, Yonhap News Agency cited industry sources. Under the KRW 1.5 trillion (USD 1.3 billion) plan, submitted in May 2016, the financially troubled shipbuilder will […]

  • 2 June 2020
    Business & Finance, Business developments & projects

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.

  • 10 October 2005

    A South Korean state agency that is jointly selling 51 percent of Daewoo Shipbuilding & Marine Engineering said Monday that it might reject bids from companies that did not support national interests. Korea Asset Management, which liquidates distressed assets at financial companies, plans to sell its stake in Daewoo Shipbuilding, which it owns with Korea […]