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CREDITORS OF KOREA'S SK GLOBAL TO FILE SUIT AGAINST YOUNGWHA.

AsiaPulse News

| April 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 1 Asia Pulse - Creditors of SK Global (KSE:01740) are likely to file a reparations suit against accounting firm Youngwha Corporation for failing to uncover fraudulent bookkeeping by the ailing firm in 2001, an informed source said Tuesday.

To that end, the creditors will convene a meeting of their steering committee in the afternoon, the source added.

"There are strong calls for Youngwha, which was in charge of SK Global's ...

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