The South Korean government said Friday that it will put utmost efforts into minimizing the fallout from Taeyoung Engineering and Construction's debt-restructuring program, amid growing concerns that it could lead to liquidity constraints across the industry. “The creditors, led by the main lender, Korea Development Bank, plan to discuss ways to normalize Taeyoung E&C's business while adhering to .
Korea s money market fund assets hit record 172 7 trillion won asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.
Legoland Korea Resort is confident about its financial soundness and plans to invest around 100 billion won ($76.7 million) over the next five years, an executive said Wednesday, as the theme park pushes for further growth in Korea.
Seo Yoo-seok, the new head of the Korea Financial Investment Association (KOFIA), is tasked with alleviating the ongoing stock market turmoil and lingering risks surrounding the liquidity crunch in the real project financing market. The former leader of Mirae Asset Global Investments will take office as the sixth chairman of the association from the start of 2023 with a three-year tenure. Seo made headlines as he is the first to take the position from the asset management industry.
The government of Korea s Gangwon province on Monday paid back debt owed by a theme-park developer it partly owns, some three months after its move to seek a freeze on the debt pushed the country s money markets into turmoil.