San Eun Chairman: "SBS Shares Must Be Included as Collateral in Taeyoung's Self-Rescue Plan"

Kang Seok-hoon, Chairman of KDB Industrial Bank, stated on the 9th that he hopes the Taeyoung Construction self-rescue plan will include SBS shares as collateral.

On the morning of the same day, ahead of the New Year financial issues meeting at the Korea Federation of Banks in Jung-gu, Seoul, Chairman Kang told reporters, "It is difficult to accept the current self-rescue plan, and a sincere additional plan must be presented."

Kang Seok-hoon, President of the Korea Development Bank. Photo by Kim Hyun-min

He also commented on whether the Taeyoung Group's equity contribution would guarantee management rights and the scale of private contributions, saying, "We need to observe the situation this morning," and added, "So far, the Taeyoung Group's actions have fallen far short of the public's expectations."

The previous day, the Taeyoung Group supported Taeyoung Construction with 89 billion KRW, the remaining proceeds from the sale of Taeyoung Industry. Additionally, the Taeyoung Group is expected to announce an additional self-rescue plan, including the utilization of TY Holdings shares.

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