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Lotte, Dongbu vow not to follow in Taeyoung's footsteps

As Taeyoung Engineering & Construction (E&C) is going through a rough phase of debt restructuring negotiations, other construction companies are taking proactive moves to explain their liquidity situations, aiming to quell market anxieties over their financial soundness. ....

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FSC takes steps to raise competitiveness of public equity funds

Financial authorities are spearheading a comprehensive overhaul of the nation s public equity funds system, with the explicit goal of elevating global competitiveness and catalyzing a fresh wave of growth in the industry. ....

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Finance minister stresses solidarity, risk management to overcome real estate PF crisis

Finance Minister and Deputy Prime Minister Choi Sang-mok, who took office early this year, urged the financial sector to make their utmost effort in risk management to mitigate rising concerns over a looming real estate project financing crisis. Choi also stressed the value of solidarity and mutual support as keys to overcome challenges posed by economic uncertainties. ....

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FSC chief vows to facilitate soft landing of real estate project financing market

The Financial Services Commission (FSC) will make efforts to facilitate a smooth resolution of the real estate project financing (PF) crisis as one of the key urgent priorities in 2024, the head of the country s top financial regulator said Sunday. ....

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Speculation over Taeyoung E&C workout increases concerns of PF crisis

Speculation runs high that Taeyoung Engineering & Construction (Taeyoung E&C) is close to filing for corporate restructuring due to a liquidity crisis triggered by a soured real estate project financing (PF) deal. ....

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