[Asia Economy Reporter Minji Lee] Sungmoon Electronics announced on the 19th that it has decided to provide a debt guarantee worth 1,819.5 million KRW for its subsidiary, Qingdao Sungmoon Electronics Co., Ltd.



The debt guarantee amount corresponds to 6.64% of the company's equity as of last year, and the creditor is the Industrial Bank of Korea Qingdao Branch. The company's total outstanding debt guarantee balance is 4,366.8 million KRW.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing