Taeyoung
Industry wary of Taeyoung woes despite debt restructuring approval – Beragampengetahuan
The Taeyoung E&C’s headquarters in Yeouido, Seoul / Yonhap By Lee Kyung-min The local construction industry remains uneasy about the possibility of a chain reaction of insolvencies and defaults by small players, despite Thursday’s approval of engineering and construction firm Taeyoung E&C’s debt renegotiation plan, according to market watchers. The approval pushes back the settlement […]
Founder of ailing builder Taeyoung appeals for help – Beragampengetahuan
Creditors of Taeyoung Engineering & Construction meeting announcement is seen on the screen of Korea Development Bank Head Office in Seoul, Jan. 3. Yonhap The founder of Taeyoung Engineering & Construction Co. on Wednesday asked creditors to allow the ailing builder to enter a debt restructuring program to tide over a cash crunch. Yoon Se-young, […]
Taeyoung E&C files for debt workout, government urges self-rescue efforts – Beragampengetahuan
The South Korean government said Thursday that it will seek to normalize the business of Taeyoung Engineering and Construction, which applied for a debt-restructuring program on the same day, under the premise of the construction firm’s intense self-rescue efforts. Earlier in the day, Taeyoung E&C, the 16th-largest builder in the country in terms of construction […]