Hallyu Times Faces 1 Billion KRW Unpaid Principal and Interest on Private Loans
[Asia Economy Reporter Kim Min-young] KOSDAQ-listed company Hallyu Times announced on the 3rd that it has failed to pay the principal and interest on bonds amounting to 1,016,394,357 KRW, consisting of a principal of 1 billion KRW and interest of 16,394,357 KRW, due to a shortage of funds for debt repayment. This amount corresponds to 3.24% of the company's equity capital, and the company stated that it plans to negotiate with the creditors.
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