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Samsung Heavy eyes fund for oil spill victims
SEOUL, Feb. 29 (Yonhap) -- Samsung Heavy Industries Co., partly blamed for South Korea's worst-ever oil spill last December, said Friday it will set up a 100-billion-won ($107 million) fund to help affected people and restore devastated areas.
The fund is in addition to the compensation the world's second-largest shipyard should pay depending on a court ruling, according to the shipbuilder.
On December 7, a Samsung Heavy barge that became separated from two tugboats in rough seas rammed an anchored supertanker owned by Hong Kong-registered Hebei Spirit Shipping Co., resulting in the leak of more than 10,000 tons of crude oil into the Yellow Sea off South Korea's western coast. Last month, the companies were indicted by South Korean prosecutors for polluting the ocean.
The country's worst oil leakage affected hundreds of seafood farms and beaches. Last month, Samsung Heavy apologized for the oil spill and promised to help restore residents' livelihoods and clean up the ecosystem in the region.
Shares of Samsung Heavy were trading at 32,650 won as of 1:52 p.m., up 2.83 percent.
sam@yna.co.kr (END)
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