DongA One and Korea Flour Mills corporate restructuring

Overview:

• DongA One—a mid-tier business group focused on making flour—and Korea Flour Mills have undergone restructuring.
• The Korea Development Bank and other creditors decided to put the company under a creditor-managed workout programme. 
• DongA One has incurred huge losses from Chairman Lee Hi-sang's venture into wine-making, an imported car dealership and other non-core businesses. 

Katrin Kostadinova - Data analyst