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Korean Media Giant JoongAng’s JTBC Defaults, Downgraded to Junk

Source: bloombergMarkets June 12, 2026 · 22:56
JTBC Co. Ltd., the broadcaster owned by South Korea’s media giant JoongAng Group, defaulted on securitized loans and was downgraded to junk by a local ratings firm, triggering a series of rating cuts across the conglomerate.
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