[Alpha Biz=(Chicago) Reporter Kim Jisun] Taeyoung Engineering & Construction Co., a large company suffering from a liquidity crisis, has been confirmed to have sent a "request for rescue" to financial authorities.

Taeyoung Engineering & Construction has excessively increased the amount of real estate project financing (PF) loan payments in recent years, which has recently been rumored to be in crisis due to soaring interest rates and the economic downturn.

The government will announce various measures next week to open the funding line for the construction industry by requesting five major financial holding companies, including KB· Shinhan, Hana, Woori and NH Nonghyup.

According to the financial sector on the 21st, the government is currently considering measures such as easing regulations on PF loans to securities firms, utilizing REITs (REITs· Real Estate Investment Company) to resolve unsold apartments, and drawing up guidelines for PF rates.

It was also found that the purpose of the five major financial holding companies to consider creating a restructuring fund for private-led PF workplaces is also to "save A construction company."

 

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