Daesung Industrial Decides on 30 Billion KRW Financial Loan to DS Power

[Asia Economy Reporter Minji Lee] Daesung Industrial announced on the 12th that it has decided to lend 30 billion KRW to its affiliate company, DS Power. The interest rate is around 7.8%.

The company stated, "This is an acquisition of subordinated loan claims from Esmeralda, a creditor of DS Power," and added, "We will generate interest income through investment in subordinated loan claims before and after DS Power's refinancing."