Govt. urges Taeyoung to draw up additional self-rescue measu

Govt. urges Taeyoung to draw up additional self-rescue measures

The government called on troubled Taeyoung Engineering & Construction Co. on Monday to present additional self-rescue measures to gain the trust of creditors and initiate a debt workout process, the finance ministry said. Last month, the midsized builder applied for a debt restructuring program due to a liquidity shortage over real estate project financing loans and announced a set of self-rescue measures. But cr...

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