Shortly after STX Pan Ocean’s announcement to sell KRW 250 billion (USD 223.5 million) three year convertible bonds, another Korean shipping company is planning to tap the domestic bond market in a big way. SK Shipping plans to issue unsecured three year bonds of KRW 150 billion (USD 133 million), and out of which KRW 100 billion will be used to refinance existing bonds due in March with the remaining amount set aside for working capital.