HDC Hyundai Development Company Decides on 120 Billion KRW Debt Guarantee
[Asia Economy Reporter Minwoo Lee] HDC Hyundai Development Company announced on the 13th that it has decided to provide a debt guarantee worth 120 billion KRW to Gyeongsan I-Park First Co., Ltd. This amount corresponds to 4.4% of HDC Hyundai Development Company's consolidated equity capital as of last year.
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The company explained, "This is a debt guarantee for the project cost loan of the contractor for the construction of Gyeongsan I-Park," adding, "It is a refinancing of the existing loan."
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