The Korea Exchange has given Daewoo Shipbuilding & Marine Engineering (DSME) a year to get its finances in order at which time it could see its share suspension lifted.
The yard is in court receivership following a downturn in orders and a massive multi-billion dollar accounting fraud.
DSME’s shares were suspended on July 14. If it fails to improve its finances it will be delisted. The yard is pushing ahead with mass redundancies and selling assets at home and abroad.