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Founder of ailing builder Taeyoung offers fresh self-rescue measure

The founder of debt-ridden Taeyoung Engineering & Construction on Tuesday drew up a fresh self-rescue measure, repeating his appeal for creditors to allow the ailing builder to enter a debt restructuring program. ....

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Taeyoung chairman offers SBS stakes as collateral

Yoon Se-young, founder and honorary chairman of Taeyoung Group, has pledged to offer key stakes of SBS, a major broadcaster in Korea, and TY Holdings, to salvage the group s debt-ridden construction subsidiary, if necessary. ....

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Gov't urges Taeyoung to draw up additional self-rescue measures

The government called on troubled Taeyoung Engineering & Construction on Monday to present additional self-rescue measures to gain the trust of creditors and initiate a debt workout process, the finance ministry said. ....

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Founder of ailing builder Taeyoung appeals for help

The founder of Taeyoung Engineering & Construction Co. on Wednesday asked creditors to allow the ailing builder to enter a debt restructuring program to tide over a cash crunch. ....

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