“Taeyoung Construction Workout Application” … Changwon Special City Forms and Operates Rapid Response Team

Preventing Damage to Local Businesses According to Changing Situations

Changwon Special City in Gyeongnam Province inspected the progress of Taeyoung Construction-related projects within the city in relation to Taeyoung Construction's workout application, held a meeting to discuss rapid response plans and measures, and decided to form a rapid response team to promptly address any changes in the situation.

Taeyoung Construction Forms and Operates Rapid Response Team for Workout.

Taeyoung Construction in Changwon City is involved in the construction of the Desiang Apartment Complex (1000 units, 65% completion rate) in Bukmyeon Gamgye, Uichang-gu, the redevelopment project of Jasan District (1250 units, not yet started) in Masanhappo-gu, and the creation of a self-sufficient complex administrative town (12% completion rate) in Hoeseong-dong, Masanhoewon-gu.

At the meeting, the progress of each project was reviewed by the responsible departments, and measures tailored to the characteristics of each project were established. The rapid response team was organized and operated to thoroughly prevent damage, and it was decided to actively respond to changes in the situation, such as decisions by the workout creditors' committee.

Jo Myung-rae, the 2nd Deputy Mayor, stated, “Our city will form and operate a rapid response team to regularly monitor the progress of projects involving Taeyoung Construction,” adding, “We will actively respond to changes such as the additional submission of self-rescue plans by Taeyoung Construction and do our best to prevent any damage.”

This content was produced with the assistance of AI translation services.