What's in a name?

The near default of Hyundai Engineering and Construction highlights how little is left in the Hyundai name.

What is in a name Not much, if you are a creditor of Hyundai Engineering and Construction, Korea's largest contractor. The company escaped defaulting on loans worth $21 million to its main creditor bank Korea Exchange Bank by just a few hours. It has to find a similar amount on Wednesday 1 November to pay debts that fall due then.

The situation stems from creditors pulling the rug on demands for fresh credit as maturing debt came...

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