South Korean newspaper publisher JoongAng Ilbo was classified as being in first default after failing to meet an early repayment demand on 22 billion won ($14.4

South Korean newspaper publisher JoongAng Ilbo was classified as being in first default after failing to meet an early repayment demand on 22 billion won ($14.4

Major newspaper JoongAng Ilbo Co. said Friday it had formally applied for a creditor-led debt workout program amid liquidity problems across its parent group. T