Namgwang Construction Decides 63.7 Billion KRW Debt Guarantee for Buyers of Goyang Hyangdong New Construction Project
[Asia Economy Reporter Ryu Tae-min] Namgwang Construction announced on the 13th that it has decided to provide a debt guarantee worth 63.7 billion KRW to Jeonju Deokjin Credit Cooperative, a partial buyer of the Goyang Hyangdong officetel new construction project.
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This amount corresponds to 96.08% of its equity capital. The debt guarantee period lasts until the full repayment of the loan principal and interest.
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