Tag: Taeyoung

Taeyoung

Latest News

Taeyoung Group to sell stake in waste company Ecorbit in bid to rescue construction affiliate

Taeyoung Group is selling its entire stake in waste-to-energy company Ecorbit to aid its financially troubled construction affiliate.

2024.8.28

A pedestrian walks past a halted construction site of Taeyong E&C in Jungnang District in eastern Seoul on January 23. [YONHAP]

KDB proposes capital reduction to support Taeyoung's debt restructuring

The state-run Korea Development Bank (KDB) will likely conduct a massive capital reduction held by the builder's major shareholders to support the troubled builder's debt restructuring.

2024.4.16

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A construction site of Taeyoung E&C is closed. [YONHAP]

Taeyoung shares suspended as debt restructuring continues

Taeyoung Engineering & Construction's shares were suspended Wednesday due to its negative net asset balance amid debt restructuring.

2024.3.14

Bank of Korea Gov. Rhee Chang-yong speaks to reporters on Thursday after the Monetary Policy Board kept the rates unchanged at 3.50 percent for the eighth consecutive meeting. [YONHAP]

Rates likely to be frozen for months, BOK says

The chance of any further rate increases has grown weak as the rate is already high and inflation is slowly yet continuously easing, said the Bank of Korea (BOK) as it kept the interest rate steady at 3.50 percent.

2024.1.11

Bank of Korea Gov. Rhee Chang-yong at the Monetary Policy Board meeting held at the central bank office in central Seoul on Thursday. [JOINT PRESS CORP]

BOK freezes interest rates for eighth straight meeting

The Bank of Korea (BOK) kept interest rates unchanged at 3.50 percent for the eighth straight meeting on Thursday.

2024.1.11

Taeyoung Engineering & Construction's headquarters in Yeongdeungpo District, western Seoul [YONHAP]

Taeyoung E&C kicks off original debt restructuring plan with $68 million infusion

Taeyoung E&C has received an injection from parent company TY Holdings in a bid to secure creditor approval for the firm's debt workout program. Creditors will reach a final decision on the proposal Thursday.

2024.1.8

Taeyoung Engineering & Construction (E&C)'s headquarters in Yeouido, western Seoul [YONHAP]

Embattled Taeyoung pressed to improve restructuring plan

Financial authorities and state-run bank pressed TY Holdings, the parent company of the indebted Taeyoung Engineering & Construction (E&C), to inject the outstanding $67.6 million from the sale of Taeyoung Industries into the construction arm.

2024.1.5

Tag: Taeyoung

Taeyoung

Latest News

Taeyoung Group to sell stake in waste company Ecorbit in bid to rescue construction affiliate

KDB proposes capital reduction to support Taeyoung's debt restructuring

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Taeyoung shares suspended as debt restructuring continues

Rates likely to be frozen for months, BOK says

BOK freezes interest rates for eighth straight meeting

Taeyoung E&C kicks off original debt restructuring plan with $68 million infusion

Embattled Taeyoung pressed to improve restructuring plan