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

Bloomberg

Bloomberg

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June 13, 2026

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

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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