The Dire Situation at JTBC: Worse Than Expected

JTBC, which appeared to be thriving with its consistently popular drama and entertainment series, is now facing the worst insolvency crisis in its 15-year history.

On June 12, JTBC declared a default after failing to repay 20.6 billion KRW in maturing securitized loans.

Following this, a total of five companies, including the holding company JoongAng Holdings, JTBC, and Contentree JoongAng, filed for corporate rehabilitation procedures in a domino effect.

JTBC seemed to be sailing smoothly on the surface.
When and why did it fall into this crisis?
SBS News has summarized the situation.


Producer: Kim Hye-ji | Editor: Lee Ji-soo | Narrator: Jin Soo-hyun | Assistance: Song Hae-bin, Han Ji-ho | Intern: Kim Min-jin | Director: Kwon Na-young
※ Please note: This article was translated by AI and may contain errors.