State-run Export-Import Bank of Korea (Kexim) has said it will back debt-ridden yards and shipowners.
CEO Choi Jong-ku said the lender needs to provide financial support to those entities with the potential to stand alone, despite their debts, Korean media reported.
No further details were given, however.
Korea Development Bank has this year ruled out more cash for debt-laden shipbuilder DSME, which has KRW 440bn ($382m) of debt due in April, KRW 300bn maturing in July and then KRW 200bn won in November.
KDB
