South Korea's Daewoo shipbuilding recently said that due to the huge losses in the second quarter, Daewoo shipbuilding will be restructured and restructuring measures including sell non core assets, closing, or exit the unnecessary operations. Daewoo shipbuilding has confirmed the core business for the construction of ships, ship and marine equipment.

At the end of last month, Daewoo shipbuilding announced second quarter results. The second quarter of 2015, Daewoo shipbuilding business losses of up to 3.03 trillion won ($2610000000). The construction delays attributed Daewoo shipbuilding will result in huge losses in oil and gas platforms and other marine projects.

The high-end marine construction business has given GM Daewoo, Samsung Heavy Industries, Hyundai Heavy Industries, the world's three major shipyards including has brought huge losses. Analysts said offshore oil and gas production equipment is usually more complex, the use of a variety of unique design, these designs may cause unforeseen delays in the construction work.

Daewoo shipbuilding plans to sell at the company's headquarters in Seoul, gradually reduce or sell has nothing to do with the core of shipbuilding and marine business department, for example wind electronics DeWind and local golf course operators FLC. In 2014, Daewoo's non core business income accounted for about 10% of total revenue.

Shinhan investment company analyst Kim Hyun pointed out that the restructuring measures will be to Daewoo shipbuilding bring some cash. At the same time, exclude the possibility of additional losses.

However, Daewoo's spokesman said, the company does not currently have any plans for layoffs.

At present, Daewoo shipbuilding of three large creditor bank of Korea import and export bank, Industrial Bank of Korea and South Korea NONGHYUP is of Daewoo shipbuilding is a rigorous assessment, to determine the second quarter loss reasons and may require a capital injection.

Earlier, President Jung Seong said the Daewoo shipbuilding company restructuring, independent subsidiary ship. However, the main creditor of the South Korean Industrial Bank will be the reorganization of the shipyard into the plan. In July 22nd, the Korea Development Bank said, Daewoo Mangalia and the DeWind unable to continue operations, the need for liquidation. Korea Development Bank responsible person explained, despite the subsequent will investigate whether restructuring of overseas subsidiaries, but so far seems to liquidation is the only way out.