Amorepacific, 42 Billion KRW Time Deposit Secures Etude Loan
[Asia Economy Reporter Ji Yeon-jin] Amorepacific announced on the 28th that its affiliate Etude borrowed 35 billion KRW from the Korea Development Bank by using its time deposit of 42 billion KRW as collateral. Another affiliate, Pacific Package, also borrowed 9 billion KRW from the Korea Development Bank by using its time deposit of 11 billion KRW as collateral.
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