Seohan Decides on a 27 Billion KRW Loan to Yangwon Enterprise

[Asia Economy Reporter Park Jun-yi] Seohan announced on the 31st that it has decided to lend 27 billion KRW to Yangwon Corporation. The loan amount is 12.71% of the equity capital as of the end of 2016.

The company stated, "This is an extension of the loan period for funds lent in 2014 and 2015 for the operation of the Donggoryeong General Industrial Complex development project, land acquisition, and land compensation," adding, "The loan period will end on June 30 of next year."