agre minut european commun govern republ korea relat world shipbuild market commiss european commun govern republ korea held talk march address current problem relat world shipbuild market view promot stabil fair competit side recognis world shipbuild market characteris signific overcapac steadili decreas price allow sustain develop industri european commun korea main player shipbuild market respect author special oblig work shipbuild nation ensur fair competit prevail market side expect achiev object contribut major restor normal competit condit market provid effect mean protect sale ship price cost side work view reduc unsustain prevail imbal suppli demand invit shipbuild countri support effort firmli commit fair competit parti avoid financi viabl invest ruinou price undercut side make effort individu basi jointli improv stabilis market situat aim side promot fair competit market condit world market work stabilis market rais level ship price commerci sustain action public author respect shipyard financi difficulti side agre financi institut conduct busi shipbuild commerci sound manner respect korean govern continu supervis strictli asset sound financi institut line korean govern polici intervent consciou imbal world shipbuild market korean author ensur context bank supervis bank korean govern sharehold privat bank act behalf extend loan write roll exist loan provid type support commerci basi korean govern confirm provid financi institut public support purpos cover loss result busi relat specif enterpris industri korean govern agre kamco purchas bad loan relat shipyard price reflect actual expect recoveri rate fund cost minim price unsecur loan korean govern confirm extend support shipbuild inconsist korea intern oblig manag takeov samho hyundai accompani publicli support debt restructur moratoria oper govern ownership korean bank deal shipbuild compani oper fulli commerci basi korean govern involv dai dai manag public bank grant favour repay guarante shipbuild contract enter shipyard financi difficulti court receivership condit repay guarante reflect substanti commerci risk stem shipyard precari situat transpar side applic internation accept account principl ensur sound financi manag govern shipbuild compani creditor strict risk assess provis rule enforc transpar rule unveil burden corpor bank sector accord transpar commit imf world bank korean govern revis account standard decemb effect begin januari korean govern make internation accept account principl continu fulli appli shipbuild compani pursuit commerci viabl price practic side recognis injuri price ship remedi prevent ensur normal competit condit world shipbuild market regard korean govern agre level ship price reflect factor cost definit normal wto anti dump agreement cooper shipbuild industri side encourag shipbuild industri cooper close ensur normal competit condit world shipbuild market side support shipbuild strengthen ti field technolog procur busi activ multilater activ shipbuild consult side agre meet month review oper agre minut discuss polici measur relat shipbuild period matter includ limit suppli demand capac price level govern support wai mean improv current situat shipbuild market side agre order review oper agre minut meet held septemb side agre ad hoc consult request parti discuss gener specif question relat matter cover present agre minut view reach mutual accept solut issu ad hoc consult place week request parti parti gener aim conclud ad hoc consult dai side agre necess complet view fact reduc risk problem aris futur increas possibl resolv problem consult propos side technic expert invit seek relev inform provid object analysi thereof parti appoint respect expert week request hold ad hoc consult parti outset consult inform respect industri interest parti side includ relev financi institut problem identifi parti agre minut prejudic exist right oblig wto agreement agre minut enter forc date signatur behalf council european union gt pic file quot en ep quot gt govern republ korea gt pic file quot en ep quot gt