(ATTN: UPDATES with photo)
SEJONG, June 23 (Yonhap) — South Korea’s finance minister said Thursday that the government will make all-out efforts to minimize the possible fallout in the local economy from tough corporate restructuring in the shipbuilding sector.
“The government will map out plans to support smooth corporate restructuring and business reorganization, and to improve the competitiveness of key industries,” Finance Minister Yoo Il-ho said while visiting a shipyard in Ulsan, an industrial city on the southeastern coast.
“We will mobilize all measures to fend off job instability and a slowdown in the local economy.”
Nationwide corporate restructuring is underway in the most troubled shipbuilding a…
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