Published Jun 13, 2026, 1:56 AM ET · Updated 5 months ago · 1 source
Korean Media Giant JoongAng’s JTBC Defaults, Downgraded to Junk
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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.