The shopping center, which had been in court appointed receivership since mid-2011, was purchased by Massachusetts based WS Development in May, 2012.

Hynix Semiconductor, formerly Hyundai Electronics, will not go into court receivership, according to both its creditor institutions and the government.

Jin Nyum, South Korea's finance minister, said the company would go into court receivership if Mr. Chung did not comply.

But court receivership is becoming more likely every day for Daewoo.

In court receivership, Hanbo still labored to make steel, though construction was halted on the second half of its plant here.

Earlier this year Judge Kaye appointed a special investigator to study accusations that judges favor lawyers with strong political ties when granting court receiverships.

A spokesman for Chohung Bank said the company had failed for two days to come up with the funds, meaning that it will have to apply for court receivership.

By the end of September 2009, six of the companies had been normalized, 17 were still undergoing the workout, and 23 were in the process of court receivership.

Following court receivership in 2012, the station concluded its run as Praise Radio 105.7 on March 6th, 2013 at 6PM.

SK is expected to conduct about four weeks of due diligence on Inchon, which has been under court receivership.