According to yonhap news agency reported on January 23, troubled Korean shipbuilders STX heavy industries co., LTD., said, have received the notice, a Chinese arbitration institution will seek countermeasures to repay its 60.9 billion won ($56.8 million) debt.

The debt for the October 2010 by the Chinese heavy machinery maker STX dalian heavy industry co., LTD get loan from China bank of communications, loan guarantee issued by STX heavy industries.