Being concerned on the costof the transactiontax of the debt-equityswaps is helpful forus to re-evaluate the significance of debt-equity swapsor the limitations of the policy.
But that action should pave the way for the debt-equity swaps with the bankers that will make Daewoo's subsidiaries healthy enough to sell, so breaking up Mr Kim's fief.
As part of the deal, these firms are given preferential treatment by the banks, including debt-for-equity swaps, lower interest rates, and access to a pool of some 2 trillion won in new loans and trade financing.