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Korea’s JoongAng Seeks Rehabilitation After Broadcaster Default
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Korea’s JoongAng Seeks Rehabilitation After Broadcaster Default

Bloomberg Markets · Jun 15, 2026, 1:19 AM

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.

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