Taeyoung Group founder and Honorary Chairman Yoon Se-young urged its employees to make all-out efforts to bring its debt-ridden builder Taeyoung Engineering & Construction back on track, after creditors confirmed Friday their approval for a debt restructuring program. "The debt workout has begun, backed by the strong support of creditors. This is because (the creditors) saw a high possibility of Taeyoung E&a.
Ailing builder Taeyoung Engineering & Construction applied for a debt-restructuring program Thursday to tide over a cash crunch, raising concerns over troubled peers in Korea..
Financial authorities in Korea announced on Sunday a complete ban on short selling from Monday until the end of June next year. The temporary ban was announced after financial auth.
South Korea's financial regulator said Sunday that it will temporarily ban stock short selling until the second half of next year, amid efforts to crack down on illegal short selling by global investment banks. The move will be effective as of Monday and until the start of July 2024, according to the Financial Services Commission. "(The FSC) has decided to fully suspend stock short selling until (the end of.
Korea has taken steps to establish a roadmap for Mars exploration, such as developing a spacecraft as part of President Yoon Suk Yeol’s ambitious vision to land on the planet by 2045 and to keep pace with powerhouse space exploring nations, the science ministry said, Monday.