JoongAng Ilbo Files for Creditor-Led Workout Program

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The JoongAng Ilbo, currently facing a liquidity crisis, officially applied for a workout (corporate restructuring) to Hana Bank's Seodaemun branch, its main branch, on the 19th. Following the application, a creditors' council composed of creditor financial institutions will be convened to review the possibility of normalization and debt recovery before deciding whether to accept the application. The JoongAng Ilbo issued a statement on the same d…

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Ko Mi-hye = The JoongAng Ilbo, which is facing a liquidity crisis, officially applied for a workout (corporate restructuring) on the 19th.