WFM Reports Default on Loan Principal and Interest Amounting to 1.575 Billion KRW
[Asia Economy Reporter Geum Boryeong] WFM disclosed on the 21st that there has been a default on loan principal and interest amounting to 1.575 billion KRW.
The overdue amount corresponds to 15.27% of its equity capital.
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WFM stated, "The deterioration of repayment ability due to a shortage of operating funds," and explained, "The default is expected to be resolved according to the related plan following the filing for commencement of rehabilitation proceedings."
This content was produced with the assistance of AI translation services.
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