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SEOUL, July 1 Asia Pulse - Daewoo Engineering & Construction Co. (KSE:047040), South Korea's second-largest builder by capacity, said Thursday it has paid off part of its debts earlier than scheduled, helped by robust sales in recent quarters.
The construction company said in a disclosure that it paid off 165.6 billion won (US$144 million) of its debts to eight creditors, including the Korea Asset Management Corp., on Wednesday.
The early debt repayment will help its debt ratio decline about 7 percentage points to ...