Korea’s YNCC at default risk due to owners’ conflict amid petrochemical slowdown

Yeochun NCC Co. (YNCC), South Korea’s major petrochemical producer, is facing a default risk as its owners disagree over capital injections am...

Korea's Taeyoung to sell local hotel to speed up debt workout

South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...

Taeyoung becomes 1st Korean builder in debt workout in decade

The vast majority of creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) have agreed to start debt restructuring for the tro...

Taeyoung’s fresh measures raise hope for debt workout

Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its ...

Taeyoung files for debt workout; offers to sell stake in KKR JV

South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...

LG Electronics launches TV-specific camera LG Smart Cam

LG Electronics Inc. announced on Wednesday that it has released a TV-specific camera, LG Smart Cam.LG Smart Cam supports full HD high-resolution sho...

LG Elec-SM Ent JV to unveil beta home fitness app in March

Fitness Candy, a joint creation by LG Electronics Inc. and SM Entertainment Co. to rival Apple Fitness Plus, is expected to unveil its beta service ...