by Lee Jungyun
Published 01 Jul.2022 16:40(KST)
[Asia Economy Reporter Lee Jung-yoon] Shinwon Comprehensive Development announced on the 1st that it has decided to increase short-term borrowings by 15.4 billion KRW.
This amount corresponds to 17.3% of its equity capital.
The total short-term borrowings changed from 4.48 billion KRW before borrowing to 19.88 billion KRW after borrowing.
The company explained, "Following the recent credit rating upgrade, we repaid existing loans and re-borrowed at a lower interest rate."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.