Asiana Airlines Decides to Increase Short-Term Borrowings by 300 Billion KRW

[Asia Economy Reporter Eunmo Koo] Asiana Airlines announced on the 7th that it has decided to increase its short-term borrowings by 300 billion KRW to repay debt and secure operating funds. This amount corresponds to 33.03% of its equity capital, and the borrowing type is a credit line. The company explained, "This disclosure is related to the board resolution on the exclusive use of credit lines for the Korea Development Bank's foreign currency payment guarantee and the Export-Import Bank of Korea's import performance guarantee, with 215.2 billion KRW from the Korea Development Bank and 84.8 billion KRW from the Export-Import Bank of Korea."