Bailing out South Korea’s struggling shipping and shipbuilding companies would be costly but would pay for itself in the medium term, the IMF has said.
In a working paper it estimates the cost of a debt restructure would be around $27bn, but said that would be offset by more rapid output growth and increased employment.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.
Receive email job alerts from Supply Management Jobs click here >
Not a CIPS member? Why not join CIPS to access a full range of benefits, including:
And much more.
Click here to join >