Korea's Financial Services Commission (FSC) is to carry out a "three-track" restructuring of the country's struggling shipowners and shipyards.
The regulator will work with other stakeholders to identify and revive companies in three categories: those suffering from an industry slowdown, those showing signs of default on borrowings; and those with overcapacity.
Shipowners Hyundai Merchant Marine (HMM) and Hanjin Shipping, as well as shipyards like Hyundai Heavy Industries (HHI), Samsung Heavy Industries and DSME, will top the list, the Korea Herald said.
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