2024-01-06 07:11:53
While the gap between the positions of Taeyoung Construction and creditors, who applied for a workout, has not been narrowed, the financial authorities and major creditors are scheduled to hold another meeting regarding Taeyoung Construction’s situation.
Tomorrow (7), Deputy Prime Minister Choi Sang-mok, Financial Services Commission Chairman Kim Joo-hyun, Financial Supervisory Service Chairman Lee Bok-hyun, and Bank of Korea Governor Lee Chang-yong are expected to meet to discuss the Taeyoung Construction situation.
The next day, major creditors, including Korea Development Bank and the five major banks, are scheduled to inspect the status of Taeyoung Construction’s workout with the Financial Services Commission and the Financial Supervisory Service.
Whether or not Taeyoung Construction will begin a workout will be decided at the first creditors’ meeting held on the 11th.
However, the deadline for creditors and financial authorities to notify Taeyoung Group to come up with a more self-rescue plan is this weekend, so it is expected that there will be a difference in whether or not Taeyoung Construction’s workout will be successful over the weekend.
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