JoongAng Ilbo, one of Korea's leading newspapers, has filed for a creditor-led workout program, as the liquidity crisis at its parent JoongAng Grou...

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

JoongAng Ilbo, one of Korea's leading newspapers, has filed for a creditor-led workout program, as the liquidity crisis at its parent JoongAng Grou...