Lotte Tour Development Decides to Increase Short-Term Borrowings by 100 Billion Won

[Asia Economy Reporter Oh Hyung-gil] Lotte Tour Development announced on the 9th that it has decided to increase short-term borrowings by 100 billion KRW to finance the interior construction costs of the Jeju Dream Tower Complex Resort.

The company explained, "The short-term borrowings are expected to be repaid in a lump sum upon execution of a secured loan using the land and buildings of the Jeju Dream Tower Complex Resort owned by the company after completion."