Heungkuk F&B Borrows 20 Billion Won from Financial Institutions to Secure Operating Funds

[Asia Economy Reporter Ji Yeon-jin] Heungkuk F&B announced on the 12th that it borrowed 20 billion KRW from three financial institutions for operating funds.

This amount corresponds to 28.95% of its equity capital (69 billion KRW), increasing the total borrowings from financial institutions to 37 billion KRW and short-term borrowings to 38 billion KRW.