Korean Air Decides on 800 Billion KRW Short-Term Borrowing
[Asia Economy Reporter Minji Lee] Korean Air announced on the 16th that it has decided to borrow 800 billion KRW short-term from its affiliate Hanjin KAL. The interest rate is 4.6%, and the repayment method is lump-sum repayment at maturity. The purpose of the funds is to secure capital related to the acquisition of Asiana Airlines and for operating funds.
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This loan corresponds to 28.8% of equity capital as of the end of the previous fiscal year.
This content was produced with the assistance of AI translation services.
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