Sangsangin’s subsidiaries, Sangsangin Heavy Industries and Sangsangin Industry, planned to sell their assets and focus on the ship crane business to regain their reputation as quality ship cranes.
KT Group is strengthening its artificial intelligence(AI) alliance by investing KRW 33 billion in the Series B round of Rebellions, Korean AI semiconductor design(fabless) startup.
Regarding Taeyoung Construction’s application for workout(corporate structure improvement work) due to the inability to revive its real estate project financing(PF) loans, the Bank of Korea said on the 28th, “It is not likely that the Taeyoung Construction case will have a drastic impact on the financial market.” Taeyoung Construction’s PF loans are known to amount to approximately 3.2 trillion won.