Bondholders Claim JTBC Was Effectively Insolvent Before Issuing Bonds, Demand Regulatory Probe

Investors in bonds issued by affiliates of JoongAng Group, including the general programming channel JTBC, urged financial authorities on July 13 to conduct a thorough investigation into the entire process of issuing and selling these bonds, claiming that "JTBC was effectively in a state of complete capital impairment even before the corporate bonds were issued."

The joint legal counsel for the victims of JoongAng Group bonds held a press conference at the Seoul Bar Association building in Jongno-gu this morning. They announced that on July 10, they submitted a written opinion to the Financial Supervisory Service (FSS) detailing the damages of 250 applicants whose losses have been verified, along with requests for action from financial authorities.

Further details will be provided in the video.

Reported by Jung Da-eun | Video by Kim Bok-hyung | Graphics by Yang Hye-min | Produced by the Digital News Department
※ Please note: This article was translated by AI and may contain errors.