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Government vows more cash to cushion Taeyoung E&C fallout

The South Korean government said Friday that it will put utmost efforts into minimizing the fallout from Taeyoung Engineering and Construction's debt-restructuring program, amid growing concerns that it could lead to liquidity constraints across the industry. “The creditors, led by the main lender, Korea Development Bank, plan to discuss ways to normalize Taeyoung E&C's business while adhering to ...

South-korea , Korea , South-korean , Financial-supervisory-service , Korea-development-bank , Taeyoung-group , Gangwon-jungdo-development-corp , Taeyoung-engineering , Finance-minister-choi-sang-mok , Gangwon-jungdo-development , Korea-housing

Korea's money market fund assets hit record 172.7 trillion won

Korea's money market fund assets hit record 172.7 trillion won
asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.

South-korea , Gangwon , Kangwon-do , Gangwon-jungdo-development-corp , Fitch-ratings ,

Legoland Korea to invest around $77 mil. over next 5 years: executive

Legoland Korea Resort is confident about its financial soundness and plans to invest around 100 billion won ($76.7 million) over the next five years, an executive said Wednesday, as the theme park pushes for further growth in Korea.

Kangwon-do , South-korea , Seoul , Soult-ukpyolsi , Gangwon , Gangwon-jungdo-development-corp , Legoland-korea , Lee-soon-kyu , Korea-resort , British-based-merlin-entertainments , Merlin-entertainments

Easing market turmoil, credit risk crucial for new head of financial association

Seo Yoo-seok, the new head of the Korea Financial Investment Association (KOFIA), is tasked with alleviating the ongoing stock market turmoil and lingering risks surrounding the liquidity crunch in the real project financing market. The former leader of Mirae Asset Global Investments will take office as the sixth chairman of the association from the start of 2023 with a three-year tenure. Seo made headlines as he is the first to take the position from the asset management industry.

Seoul , Soult-ukpyolsi , South-korea , Gangwon , Kangwon-do , Korea , Seo-yoo-seok , Courtesy-of-korea-financial-investment-association , Gangwon-jungdo-development-corp , Korea-financial-investment-association , Korea-financial-investment

Korean province repays developer's debt that sparked money-market worries

The government of Korea's Gangwon province on Monday paid back debt owed by a theme-park developer it partly owns, some three months after its move to seek a freeze on the debt pushed the country's money markets into turmoil.

Gangwon-jungdo , Gangwon-jungdo-development-corp , Reuters , Legoland-korea-resort , Korea-resort , Governor-kim-jin-tae , Korea , Angwon , Egoland , Orea , Outh-korea , Ews

Legoland Korea Resort has financial support

Legoland Korea Resort has financial support
interpark.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interpark.co.uk Daily Mail and Mail on Sunday newspapers.

Gangwon-jungdo-development-corp , Legoland-korea-resort , Gangwon-province , United-kingdom-based , Merlin-entertainments ,

S.Korea not facing liquidity risk in overall financial system: financial watchdog chief-Xinhua

S.Korea not facing liquidity risk in overall financial system: financial watchdog chief-

Seoul , Soult-ukpyolsi , South-korea , Gangwon , Kangwon-do , Lee-bok-hyun , Financial-supervisory-service , Gangwon-jungdo-development-corp , Life-insurance , Legoland-korea , S-korea-liquidity-risk

South Korea's Legoland Default Points To Wider Bond Market Stress

A missed bond payment by the developer of a South Korean theme park has rattled the country's money markets and raised worries about the prospect of a credit crunch similar to the kind that threw

China , Seoul , Soult-ukpyolsi , South-korea , Incheon , Inch-on-gwangyoksi , Gangwon , Kangwon-do , South-korean , Korea , Cho-dou-hyung ,

Korean theme park developer's bond default points to wider stress | WKZO | Everything Kalamazoo

By Cynthia Kim SEOUL (Reuters) - A missed bond payment by the developer of a South Korean theme park has rattled the country's money markets and raise...

China , Seoul , Soult-ukpyolsi , South-korea , Incheon , Inch-on-gwangyoksi , Gangwon , Kangwon-do , South-korean , Korea , Cynthia-kim , Sam-holmes

S.Korea's Central Bank Moves To Avert Credit Crunch Triggered By Legoland Default

The Bank of Korea said on Thursday it will loosen collateral policies for local financial institutions applying for loans from the bank to mitigate the fallout from a debt default by the South Korean

Seoul , Soult-ukpyolsi , South-korea , Gangwon , Kangwon-do , South-korean , Korea , Jeong-kwang-yeol , Han-kwang-yeol , Korea-electric-power-corp , Ministry-of-economy