Daewoo Shipbuilding targets US$10 bln order this year

SEOUL, Jan. 5 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co., the
world's third-largest shipbuilder, said Monday that it aims to win orders valued
at US$10 billion this year.

In a regulatory filing, the shipyard also said it expects this year's sales to
reach more than 13 trillion won ($9.8 billion) as it builds more vessels at
higher prices.
It did not provide comparable yearly figures.
State-run Korea Development Bank and a state asset manager are seeking to wrap up
the sale of a 50.4-percent stake in the shipyard to Hanwha Group, but a dispute
over prices has hampered the deal.
The group has reportedly offered more than 6 trillion won, but asked to pay for
the stake in installments amid concerns it may face difficulty in raising funds.
sam@yna.co.kr
(END)