(1)This is the 13th time this year in Changwon, South Gyeongsang Province
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(2)Nammyeong Construction Bankruptcy
(3)Reporter Choi Jaewon, heiso4 mkcorkr
(4)Input 2023-12-02 145735
(5)Raising raw material prices due to deteriorating real estate market
(6)Local Small and Medium-sized Construction Companies Fears Domino Bankruptcy
(7)Nammyeong Construction, a mid-sized construction company in Changwon, Gyeongsangnam-do, which suffered from management difficulties, was bankrupt. There are concerns that additional bankruptcies of construction companies could lead to dominoes in the aftermath of the worsening real estate economy and rising raw material prices
(8)According to the construction industry on the 2nd, the Korea Financial Telecommunications & Clearings Institute recently announced the suspension of Nammyeong Construction Nammyung Engineering & Construction Co. suffered a liquidity crisis due to long-term unrecovered construction costs, failing to prevent 1.24 billion won in maturing bills Earlier, on the 28th of last month, he submitted an application to the Changwon District Court to initiate corporate rehabilitation procedures
(9)As of this year, Nammyeong Construction’s construction capacity evaluation was 84.7 billion won, ranking 285th nationwide in comprehensive construction capacity and 8th in Gyeongnam Nammyeong Construction’s accumulated outstanding amount is 60 billion won
The first and second round of Nammyeong Therau has a rental deposit of 1.41 billion won, so the tenants are in
It’s not a separate corporation, so it’s going to have an impact
Usually, the senior bonds here come in at the 2 interest rate of the Housing and Urban Fund, and they’re building it
It’s connected to Hug, so if you subscribe to guarantee insurance, you get a deposit guarantee
Or I think I’m going to break the bone
Not long ago, there was a conversion about the sale, but the emotional price was low, so I didn’t change the sale
It’s not a foreclosure of bank notes, so it’s been defaulted because you can’t block bills
When the bank starts to be overdue, I think the assets will be seized
For the time being, the tenants can’t move out, and they’re tied up
In the article, the company that didn’t give money for 60 billion won in receivables will be bankrupt
It’s starting to explode one by one