Court grants JTBC another month for creditor negotiations in rehabilitation process

A court on Wednesday granted JTBC an additional month to continue negotiations with its creditors on restructuring plans amid the local broadcaster's liquidity crisis. The Seoul Bankruptcy Court extended the deadline for JTBC's autonomous restructuring support program to Aug. 30, following its initial approval on June 30. JTBC, an affiliate of media giant JoongAng Group, requested the ARS program when it filed for corporate rehabilitation on June 15, three days after failing to repay 20.6 billio