SeAH Steel Holdings Decides on 44.2 Billion KRW Debt Guarantee for Affiliate

by Lee Jungyun

Published 12 Apr.2022 17:15(KST)

[Asia Economy Reporter Lee Jung-yoon] SeAH Steel Holdings announced on the 12th that it has decided to provide a debt guarantee worth 44,166,790,000 KRW for its affiliate company SeAH Steel UAE.

This amount corresponds to 2.78% of its equity capital, and the debt guarantee period is from the 19th of this month until April 18, 2023.