Corporate restructuring is a common and significant event affecting not only lenders ... This process of renegotiation and re-contracting - the “re-slicing of the corporate pie” - is the central focus ...
Such restructuring may require the closure of non-performing units or a strategic realignment of business segments better to reflect the company's core objectives and values. This approach is not ...
Domestic banks are institutionally weak and thus find it difficult to actively restructure the large and powerful chaebols, so the government will play an important role in accomplishing this ...