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[Alpha Biz=(Chicago) Reporter Paul Lee] The Korea Development Bank has selected some 400 creditors and sent them a notice of convocation regarding the Taeyoung Construction workout.
In addition, Taeyoung Construction's project financing and PF guarantee debt amounted to more than 9 trillion won.
According to the Korea Development Bank's recent notice to convene the first meeting of the Financial Creditors' Association of Taeyoung Construction, Taeyoung Construction's direct borrowings totaled KRW 1.37 trillion, 80 including banks, securities firms and asset management firms.
In addition to direct borrowings, there are a total of 122 businesses where Taeyoung Engineering & Construction has secured PF loans and 9.1,816 trillion won in loan guarantees.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
