Samchully Bicycle Decides to Increase Short-Term Borrowings by 10 Billion Won

[Asia Economy Reporter Lee Jung-yoon] Samchully Bicycle announced on the 18th that it has decided to increase short-term borrowings by 10 billion KRW through financial institution loans. This amounts to 10.7% of its equity capital.

The increase in short-term borrowings was decided for working capital purposes.