United Asset Management Company (UAMCO) will provide KRW 3.25 trillion in seed money for corporate restructuring of financially distressed companies. A corporate restructuring organization will be newly established under UAMCO next month to buy debts and shares of troubled companies through PEFs to help them get back on track. The FSC expects the new role of UAMCO to shift the initiative in corporate restructuring from creditor banks to market forces.

* Please refer to the attached PDF for details.