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210 companies need restructuring to avoid insolvency: FSS Updated: 2019-12-12 16:30:33 KST

The Financial Supervisory Service has designated 210 local firms as needing restructuring.
In a press release today, the FSS said its 2019 evaluation of the credit risks of more than 3-thousand firms found that 210 companies were at high risk of going insolvent.
It advised these firms to undergo restructuring programs, such as debt workouts and rehabilitation measures.
This year saw 20 more firms in need of restructuring than last year, marking the first time in four years that the number has risen.
Ninety-six percent of those needing restructuring, were small and mid-sized firms, with the largest proportion coming from the machinery industry, followed by real estate businesses, and auto parts makers.
Reporter : jhee@arirang.com
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