![Taeyoung E&C's headquarters in Yeouido, western Seoul [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2024/01/03/a9d2d99c-8a79-4530-9cb2-dfed22c9e5e8.jpg)
Taeyoung E&C’s headquarters in Yeouido, western Seoul [NEWS1]
Taeyoung Engineering & Construction (E&C), Korea’s 16th-largest construction company, which recently filed for debt restructuring, will announce its restructuring plan at the first meeting with creditors on Wednesday.
The meeting, which the company’s main creditor, Korea Development Bank (KDB), will host, will discuss the formation operation of the creditors’ committee, the assessment of Taeyoung E&C’s workout feasibility and the creation of standards for operating business units linked with risky financing loans.
Sources familiar with the matter said the meeting might be the stage for unveiling the details of Taeyoung E&C’s self-rescue plan, which aims to secure supp…
Read the full article at: https://koreajoongangdaily.joins.com/news/2024-01-03/business/industry/Taeyoung-EC-to-announce-debt-restructuring-plan/1949871