[Asia Economy Reporter Minji Lee] On the 30th, Pyeonghwa Industry announced that it decided to provide a debt guarantee for its affiliate company, Pyeonghwa ENG.
The creditor is the Industrial Bank of Korea, Dalseong Industrial Complex Branch. The debt guarantee amount is 4.8 billion KRW, which corresponds to 21.68% of the company's equity capital.
The company stated, "This is an extension of the existing guarantee, and the debt guarantee period is until March 30, 2021."
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