[Photo] Taeyoung Construction Workout 'Red Light'
![[Photo] Taeyoung Construction Workout 'Red Light'](http://www.asiae.co.kr/news/img_view.htm?img=2024010408340418122_1704324843.jpg)
Taeyoung Construction, which applied for a workout due to liquidity issues in real estate project financing (PF), has completed a creditors' briefing session. On the 4th, the traffic light in front of Taeyoung Construction's headquarters in Yeouido, Seoul, turned red. Yoon Se-young, the founding chairman of Taeyoung Group, acknowledged management's mistakes during the briefing and requested consent for the workout, but the main creditor bank, the Korea Development Bank, demanded an additional self-rescue plan.
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