Arab Today, arab today builders to face massive maturing debts in april
Last Updated : GMT 04:08:59
Arab Today, arab today
Arab Today, arab today

Builders to face massive maturing debts in April

Arab Today, arab today

Arab Today, arab today Builders to face massive maturing debts in April

Seoul - Yonhap

Financially troubled South Korean construction firms are expected to refinance a large sum of debts due in April, industry data showed on Tuesday, raising concerns that their already shaky footing could further worsen. According to the data, a total of 5.23 trillion won (US$4.86 billion) in debts sold by 24 local construction companies are due this year, around 1.26 trillion won, or 24 percent, of which are scheduled to mature next month.

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