State-run Korea Development Bank (KDB) has reportedly decided to provide more aid to restructuring STX Offshore & Shipbuilding.

Sources cited by the Maeil daily said another KRW 60bn ($53.7m) may be awarded to the yard, which is under court receivership.

The newspaper said a precedent for such a move had been set in 2013 when STX Pan Ocean banked more cash under a scheme that combined a creditors’ voluntary agreement with court rehabilitation.

KDB