Korea is not considering closing shipbuilder DSME in the current order slump.
All three of the country’s big three shipyards are undergoing various degrees of restructuring after heavy losses.
But Financial Services Commission (FSC) chairman Yim Jong Yong told the Korea Economic Daily that a closure of DMSE is not on the agenda.
Referring to increased support for yards, he added: "We will try to have Korea Development Bank issue CoCo bonds [contingent convertible bonds].
“That's
