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Taeyoung Construction repays discounts on foreign loan worth KRW 45.1 billion, supports smooth financial operation of partners

[비즈니스포스트] Taeyoung Construction repaid all of the discounted portion of a loan secured by credit sales receivables (foreign collateral loan) worth 45.1 billion won. Taeyoung Construction announced on the 28th that at the 2nd Financial Creditors’ Council held on the 23rd, it approved the repayment of the 45.1 billion won discount on foreign loans that […]

Taeyoung Construction’s creditors decide to provide 400 billion won in funding

Panoramic view of Taeyoung Construction’s Yeouido office building [사진=태영건설] Taeyoung Construction’s creditors decided to provide additional funds of 400 billion won and early repayment of outstanding loans secured by credit sales receivables. On the 23rd, Taeyoung Construction’s main creditor bank, Korea Development Bank, announced that all agenda items for the 2nd Financial Creditors’ Council, including […]

Chairman Yoon Se-young stands before creditors with contingent liabilities of 2.5 trillion won… Taeyoung cried for a chance to save her life

Yoon Se-young, Founding Chairman of Taeyoung Group [사진=태영그룹] Yoon Se-young, founding chairman of Taeyoung Group, appealed for a chance to repay debt and revive Taeyoung Construction through a workout. In response to reports that the size of real estate project financing (PF) was 9 trillion won, he argued that the contingent liabilities that are actually […]