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Ildong Pharmaceutical Exits From Workout Program After 3 Years

Published: 2001-09-28 06:58:00
Updated: 2001-09-28 06:58:00
Ildong Pharmaceutical Company has gotten out of the workout program 34 months after it was designated as a Workout Company by the Korea Development Bank in December 1998.

Korea Development Bank, a major creditor of Ildong Pharmaceutical, officially announced the termination of the workout program for Ildong on September 24.

Ildong explained that since Korea First Bank swapped all bonds ...

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