KR KRX
Daewoo Shipbuilding & Marine Engineering
Korean shipbuilder that understated construction costs and overstated offshore rig completion rates to hide 5 trillion won in losses.
CORPORATE IDENTIFIERS & DOSSIER
- Entity Name: Daewoo Shipbuilding & Marine Engineering
- Country of Domicile: KR
- Listing & Ticker: KRX (042660).
- CIK / LEI Identifier: Unregistered.
- Industry Classification: SIC 3731.
- Enforcement Episodes: 1 primary case dossier(s) in this library.
PRIMARY ENFORCEMENT CASES INVOLVING DAEWOO SHIPBUILDING & MARINE ENGINEERING
1 CASE DOSSIERS| Case Title | Status | Primary Scheme | Overstatement | Total Penalties | Action Date |
|---|---|---|---|---|---|
| Daewoo Shipbuilding: 5 Trillion Won Loss Concealment via Percentage-of-Completion | Adjudicated | premature recognition | $4.5B | $0 | September 20, 2018 |