Daechang Provides Debt Guarantee Worth 11.2 Billion KRW to Affiliates

by Lee Jungyun

Published 30 Aug.2022 11:37(KST)

[Asia Economy Reporter Lee Jung-yoon] Daechang announced on the 30th that it has decided to provide a debt guarantee of 11,254,870,000 KRW for a third party on behalf of its affiliate Taeu.

This amount corresponds to 4.11% of its equity capital, and the debt guarantee period is from the following day until August 31, 2023.