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Taeyoung inches closer to avoiding court receivership

Debt-ridden Taeyoung Engineering & Construction made a U-turn to stick with its initial self-rescue package to avoid court receivership, which could put over a thousand of its subcontractors at risk. The 16th-largest builder in South Korea in terms of construction capacity is expected to unveil additional plans to win creditors' approval by Thursday for the launch of a debt workout program. Taeyoung Group in. ....

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