Troubled builder Taeyoung unveils more self-rescue measures

Taeyoung Group founder Yoon Se-young bows in apology during a press conference at the headquarters of the troubled Taeyoung Engineering & Construction Co. in Seoul on Jan. 9, 2024, to announce additional measures to win creditors' approval for the initiation of a debt workout program. Taeyoung has 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. (Yonhap)

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