Dongbu Steel Decides to Lend 45 Billion Won to Subsidiary
[Asia Economy Reporter Park Jihwan] Dongbu Steel announced on the 21st that it has decided to lend 45 billion KRW to its subsidiary Dongbu Incheon Steel.
This amount corresponds to 23.4% of its equity capital. The interest rate is 4.6%, and the purpose of the loan is to repay the subsidiary's borrowings.
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The loan period is from today until the 31st of next month.
This content was produced with the assistance of AI translation services.
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