7 Construction Firms in Rehabilitation: From 311.5 Billion Won Loss to Profit via Debt-for-Equity Swaps
South Korean construction firms currently under corporate rehabilitation are increasingly relying on accounting adjustments—specifically debt-for-equity swaps and asset revaluations—to stabilize their balance sheets rather than through operational profitability. An analysis of audit reports for seven major builders reveals a significant financial turnaround, shifting from a combined net loss of 311.5 billion won to a net … Read more