Taeyoung Construction Provides Debt Guarantee Worth 949 Billion KRW for Pungmu Station Area Development
[Asia Economy Reporter Lee Jung-yoon] Taeyoung Construction announced on the 10th that it has decided to provide a debt guarantee for 949 billion KRW borrowed by Pungmu Station Area Development from Korea Development Bank and others.
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The company stated, "The above debt guarantee is a completion guarantee (debt assumption in case of non-fulfillment) agreement for the project cost loan of the developer related to the Gimpo Pungmu Station Area Development project, in which our company participates as the construction contractor."
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