| BUSINESSWEEK ONLINE : SEPTEMBER 4, 2000 ISSUE | ||||||||
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| INTERNATIONAL -- ASIAN BUSINESS
Drowning in Debt The debt of many of Daewoo's units jumped after the government checked the
books. Some of the biggest discrepancies:
DAEWOO'S GOVERNMENT'S
CALCULATION CALCULATION
OF DEBT* OF DEBT**
(IN BILLIONS)
DAEWOO CORP. $23.84 $30.51
DAEWOO MOTOR 13.96 16.06
DAEWOO ELECTRONICS 6.87 7.65
DAEWOO TELECOM 2.67 2.93
TOTAL DEBT OF DAEWOO COMPANIES $69.7 $79.8
* As of June, 1999
** As of December, 1999
DATA: KOREA FINANCIAL SUPERVISORY COMMISSION
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RELATED ITEMS The Crawl of Reform at Daewoo (int'l edition) TABLE: Drowning in Debt INTERACT E-Mail to Business Week Online | |||
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