South Korean media giant JoongAng Group has filed for court rehabilitation after its broadcaster defaulted on a loan, with the company hit by financial strain linked to its purchase of expensive sports broadcasting rights acquired at the peak of the media market.
South Korean media giant JoongAng Group has filed for court rehabilitation after its broadcaster defaulted on a loan, with the company hit by financial strain linked to its purchase of expensive sports broadcasting rights acquired at the peak of the media market.
<iframe src="https://statesidedaily.com/embed/cluster/543889c82cf9de9210ef684195d86e76d99c5b6b" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Korea’s JoongAng Seeks Rehabilitation After Broadcaster Default"></iframe>
