The financially troubled Daewoo Shipbuilding & Marine Engineering Co.'s 2015 loss was greater than previously revealed, an opposition lawmaker claimed Tuesday.

According to Rep. Sim Sang-jung, the head of the Justice Party, the shipyard's operating loss for the first half of 2015 was tallied at 3.2 trillion won ($2.89 billion), but an additional loss of 3.1 trillion won was found through due diligence conducted for 10 weeks starting in July last year.


"Financial authorities found that the shipbuilder has spearheaded an accounting fraud, but they extended a large amount of financial aid," she said. "They should explain why such a large amount of aid was extended to Daewoo Shipbuilding."

The lawmaker claimed that up to 2.4 trillion won in aid was necessary to put the shipbuilder back on the normalization track, but the government announced a greater-than-advised amount of 4.2 trillion won in October last year, which she claimed was mobilized to cover up the accounting gimmick.

But the state-run Korea Development Bank, the main creditor of Daewoo Shipbuilding, and the Financial Services Commission, the financial regulator, flatly denied such claims. (Yonhap)