S.Korea's state-owned banks to provide Doosan Heavy I&C with additional support of 1.2 trln won

Doosan Enerbility Co

01/06/2020 09:33

SEOUL, June 1 (Reuters) - Two state-owned banks in South
Korea said on Monday they would provide up to 1.2 trillion won
($977.41 million) in liquidity to support Doosan Heavy
Industries and Construction Co Ltd  034020.KS  as the company
suffers from financial troubles after its nuclear and coal power
business took a hit from the country's energy policy shift.
    South Korea's leading constructor of coal-fired power plants
previously received about 2.4 trillion won ($1.94 billion) from
state-owned Korea Development Bank  KDB.UL  and Export-Import
Bank of Korea, the company's regulatory filings showed.
 urn:newsml:reuters.com:*:nL8N2BO0AQ     
 

($1 = 1,227.7400 won)

 (Reporting by Heekyong Yang, editing by Louise Heavens)
 ((Heekyong.Yang@thomsonreuters.com; +82 2 6936 1470;))