The recent unfolding of a scandal centring on SK Global Co in South Korea may leave investors somewhat confused about what the Korean government and banks are doing. Are they going in the right direction or is it all for appearance?
Indeed, investors have been paying keen attention to how the government and creditors are handling the financially troubled company. The situation could become a turning point for Korea’s crusade toward corporate restructuring, which has been led by the banks – at least on the surface.
