Essentec Decides on Short-Term Borrowing of 5 Billion KRW

Published 06 Jul.2022 15:47(KST)

[Asia Economy Reporter Minji Lee] Essentec announced on the 6th that it has decided to borrow 5 billion KRW through financial institutions. The company stated, "This is to secure funds for raw material procurement and other purposes."

Accordingly, short-term borrowings increased from 16 billion KRW to approximately 21 billion KRW.