Chairman Kim Joo-hyun of the Financial Services Commission held a meeting with officials from related authorities and financial institution on December 28 to discuss Taeyoung Engineering and Construction's debt workout process and related issues. At the meeting, Chairman Kim said that reaching an agreement with the creditor institutions will be important based on the company's strong self-rescue efforts. For this, Chairman Kim emphasized that it is crucial to have strong confidence and cooperation from market participants, while adding that the government will continue to work to ensure a soft-landing from the current instability in the real estate project financing market.