The government mapped out a restructuring plan to give financial and tax support to self-restructuring companies without the artificial merger and abolition of shipbuilding, steel and petrochemical companies. With an eye towards inducing R&D and M&A, the government is planning to make good use of the Korea Development Banks financial power.
Although the date is subject to change, we will announce a plan to reinforce their industrial competitiveness around September 30, said a high-ranking government official. We focused on inducing facility reduction and M&A for self-regulating market reorganization and giving R&D support to create more industrial added value.
The government will announce an additional plan to enhance the competiti…
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