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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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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