Greater China

STX Dalian suppliers call for help from Korean government

Dalian: The creditor group formed by 31 Korean suppliers of STX Dalian in China has called for help from the Korean government.
 

The group asked the Korean government to offer favorable tax policies to them like the Chinese government have offered STX Dalian, while suggesting Korean creditor banks offer special funds to support the companies to get through difficulties.
 

The suppliers have also asked to be involved in the relevant negotiations if STX Dalian is confirmed to be sold.
 

The group demands a total repayment of RMB580m from STX Dalian, with some suppliers claim that they haven’t received payment from STX Dalian for four years. [19/06/13]

 

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