BUSINESSWEEK ONLINE : JANUARY 22, 2001 ISSUE
INTERNATIONAL BUSINESS A Growing List of Rescues SSANGYONG CEMENT Hit by a cement glut and its splurge in autos, resorts, and heavy machinery, it's been kept alive by government intervention. Debt: $2.5 billion. HYUNDAI ENGINEERING With $1.2 billion in bonds coming due this year, Korea's biggest civil engineering firm was saved in December when state-controlled banks rolled over loans and agreed to buy new bonds. Debt: $3.4 billion. HYUNDAI ELECTRONICS A plunge in memory-chip prices is bad news for this company, which has $1.7 billion in debt coming due before July. Debt: $6.2 billion. SUNGSHIN CEMENT This major cement maker expanded recklessly after the 1997 crisis and now is in trouble. Debt: $874 million. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Seoul: So Long, Corporate Reform TABLE: A Growing List of Rescues INTERACT E-Mail to Business Week Online

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