Crunch meeting
"At the beginning of March in Korea there will be a meeting of representatives of Kamco, Daewoo UK, the receiver of Daewoo Motor Co. The management of FSO has also confirmed its presence," said a Kamco representative. FSO says liabilities towards the Koreans were paid off in 2003 through a debt-for-shares swap with Daewoo Motor Co. But Kamco claims the money was owed to Daewoo UK and not Daewoo Motor Co.