AJ Networks Decides on Debt Guarantee Worth 15 Billion KRW

[Asia Economy Reporter Moon Hyewon] AJ Networks announced on the 18th that it has decided to provide a debt guarantee worth 15 billion KRW for its subsidiary AJ ICT. This amount corresponds to 5.21% of its equity capital.

The debt guarantee period is from next month 11th to May 11th of this year.

The company explained, "This is regarding the provision of a guarantee for the newly issued short-term bonds of 15 billion KRW by AJ ICT."