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A Korean court has begun hearings related to the rehabilitation (회생신청) case of Joongang Group, as executives told the court they would work to reduce losses by seeking re-negotiations of broadcasting rights for major international sports events including the World Cup and the Olympics. According to reporting compiled from Korean outlets, the court session involved […]
South Korea’s Central Group—best known for its broadcasting operations including JTBC—and its related companies are set to face a critical court hearing today as insolvency proceedings move into a decisive phase. According to reporting summarized in South Korean media, five Central Group affiliated companies will bring their recovery plans before the court, with representatives questioned […]