Lee Bok-hyun, chief of the Financial Supervisory Service, speaks during a meeting with heads of financial holding companies to discuss financial affairs for the new year at the Federation of Banks in Seoul, Jan. 9. Yonhap
The head of the country’s financial regulator insisted Tuesday that a debt workout program requires support for more than just debt payment, as creditors call for ailing builder Taeyoung to present more self-rescue measures for the start of a debt restructuring program.
Lee Bok-hyun, chief of the Financial Supervisory Service (FSS), also highlighted the need for the troubled firm to do its utmost to help itself.
“Considering wide support for not only the debt of a debtor but also indirect liabilities and other int…
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